Home Sale Query

If I sold my home this year & neither exceeded the $250K capital gains exclusion nor received a 1099-S, do I need to enter the information on my 2020 tax return?

posted

If you sold your primary personal residence and you lived in and owned the home for at least two years in the five year period on the date of sale, you do not have to report the sale if your gains are less then the exclusion amounts of $250,000 if filing Single or $500,000 if filing Married Filing Jointly (and both lived in the home for two years).