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lwiles
New Member

We sold a house in 2016 but didnt see any questions asking about the sale, where do I find those?

We used the profit to by an RV, can we deduct any of that?
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7 Replies
Carl
Level 15

We sold a house in 2016 but didnt see any questions asking about the sale, where do I find those?

What specifically did you sell? Primary residence? 2nd home? Or rental property?
lwiles
New Member

We sold a house in 2016 but didnt see any questions asking about the sale, where do I find those?

Primary residence
Carl
Level 15

We sold a house in 2016 but didnt see any questions asking about the sale, where do I find those?

It's reported under the Wages & Income tab in the Less Common Income section. There's a sub-section under that heading titled "Sale of Home (Gain or Loss)"

lwiles
New Member

We sold a house in 2016 but didnt see any questions asking about the sale, where do I find those?

thank you!
lwiles
New Member

We sold a house in 2016 but didnt see any questions asking about the sale, where do I find those?

so I see that I only have to report capital gains on a 500k profit. I came nowhere near that, do I still have to report the sale of the house?
Carl
Level 15

We sold a house in 2016 but didnt see any questions asking about the sale, where do I find those?

Only if you received a 1099-S reporting any gross proceeds distributed to you. If you received a 1099-S, then the reporting of the sale is required, no matter what.
lwiles
New Member

We sold a house in 2016 but didnt see any questions asking about the sale, where do I find those?

I did not receive a 1099-S. I will skip that, thank you again for your help!

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