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JKDV
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Tax Year 2016: I sold my primary residence in 2016 at less than $250,000 and did not receive 1099-S form, sale was at loss, do it report it?

 
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Tax Year 2016: I sold my primary residence in 2016 at less than $250,000 and did not receive 1099-S form, sale was at loss, do it report it?

Not necessarily.   If all of the following apply, you don't need to report it.

  • You lived in the home as your main home for at 2 of the 5 years preceding the sale.
  • Your "net" profit from the sale is less than $250,000 ($500,000 if Married Filing Jointly).
  • You didn't take depreciation deduction on the home or use it for business during the time you owned it.
  • You didn't rent it out at any time that you owned it.
  • You didn’t receive a Form 1099-S.


Is the Sale of My Main Home Taxable?

https://ttlc.intuit.com/replies/3300213


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