Yes, you still need to report it
EDITED 1/18/2017 --The provision to exclude it from income on a personal residence ended with return prior to 1/1/2017.
See below for more detail and super user comment is correct.
Yes, you still need to report it
EDITED 1/18/2017 --The provision to exclude it from income on a personal residence ended with return prior to 1/1/2017.
See below for more detail and super user comment is correct.
@TurboTaxMichaelL1 Why do you think it can be excluded?
<a rel="nofollow" target="_blank" href="https://www.irs.gov/taxtopics/tc431">https://www.irs.gov/taxtopics/tc431</a>