The IRS says that if you get a 1099-S on the sale of your main home, you do need to report it:
-------------------------------------------------------------------------------------------------------------------------------------------
Pub 523
Reporting Gain or Loss on Your Home Sale
Determine whether you need to report the gain from your home.
You need to report the gain if ANY of the following is true.
-
You have taxable gain on your home sale (or on the residential portion of your property if you made separate calculations
for home and business) and do not qualify to exclude.
-
You received Form 1099-S. If so, you must report the sale even if you have no taxable gain to report.
-
You wish to report your gain as
taxable gain even though some or all of it is eligible for exclusion.
You may wish to do this
if, for example, you plan to sell
another property that qualifies as a home within the next two years, and
that property is
likely to have a larger gain. If you
choose to report, rather than exclude, your taxable gain, you can go
back later and undo
that choice by filing an amended
return, but only within 3 calendar years after the year of sale.
If NONE of the three bullets above is
true, you do not need to report your home sale on your tax return.
-------------------------------------------------------------------------------------------------------------------------------------------
Since you seem to be using a "desktop" product you should be able to use Deluxe as, supposedly, ALL desktop products all support the same Forms, Schedules and Worksheets. The sale will start on Form 8949, flow up to Schedule D, and eventually settle out - in a "$0" gain/loss - on the face of Form 1040.
Tom Young
