Search results
Businesses must complete and file Form OS-114, Connecticut Sales and Use Tax Return, to report all sales activity in Connecticut, even if no sales were made or no tax is due. Both taxable and nontaxable sales must be reported in accordance with your monthly, quarterly, or annual filing frequency assigned by the Department of Revenue Services (DRS).
Upcoming CT DRS webinar: Select to register for the upcoming Withholding Forms W-2 and 1099 Annual Filing Webinar on Wednesday, December 4, 2024, at 10:00 a.m. CT.gov Home Department of Revenue Services
28 mar 2023 · What Is a Partial Home Sale Tax Exclusion Connecticut? If you do not qualify for the 121 primary residence exclusion or you still owe taxes after some exemptions, you can still salvage a partial home sales tax exclusion .
Sale of home tax form. If you have a taxable gain on the sale of your main home that you can’t exclude, report the entire gain on Form 8949. If you have a loss on the sale of your main home and received a Form 1099-S, report the loss on Form 8949. You’ll do this even though the loss isn’t deductible.
To view the Schedule D Home Sale Worksheet which shows the calculation of the gain/loss, exclusion and/or taxable gain of the entries made in the return: Online Navigation Instructions. Desktop Navigation Instructions.
The use tax imposes a tax equal in amount to the sales tax that would have been imposed on the sale of the property or services in question if the sale had occurred within the state’s taxing jurisdiction. The purchaser generally bears the burden of the use tax.
The instructions in this booklet and our forms that are available on our website at portal.ct.gov/DRS contain everything you will need to complete your 2020 Connecticut pass‑through entity tax filing.
