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Reporting Your Home Sale. This section tells you how to report taxable gain, take deductions relating to your home sale, and report income other than the gain that you may have received from your home sale. This section also covers special circumstances that apply to some home sellers..
- IRS.gov Pub523
This publication explains the tax rules that apply when you...
- IRS.gov Pub523
22 lut 2024 · This publication explains the tax rules that apply when you sell (or otherwise give up ownership of) a home. Current revision Publication 523 PDF ( HTML | eBook EPUB )
16 kwi 2024 · Reporting the sale. If you receive an informational income-reporting document such as Form 1099-S, Proceeds From Real Estate Transactions, you must report the sale of the home even if the gain from the sale is excludable. Additionally, you must report the sale of the home if you can't exclude all of your capital gain from income.
Publication 523 provides more information about selling your home and is available at IRS.gov or by calling 800-TAX-FORM (800-829-3676). This publication includes worksheets to help you figure the adjusted basis of the home you sold, the gain (or loss) on the sale and the gain that you can exclude.
How to report the sale of your main home. If you have to report the sale or exchange, report it on Form 8949. If the gain or loss is short term, report it in Part I of Form 8949 with box C checked. If the gain or loss is long term, report it in Part II of Form 8949 with box F checked.
Publication 523, Selling Your Home (2021) - Free download as PDF File (.pdf), Text File (.txt) or read online for free.
unit, such as a vacation home. Finally, chapter 6 explains how to get tax help from the IRS. Sale or exchange of rental property. For information on how to figure and report any gain or loss from the sale, exchange, or other disposition of your rental property, see Pub. 544. Sale of main home used as rental property. For in-
