Do I need to report the sale of my main home?

You do not need to report the sale of your main home unless:

  • You received a Form 1099-S even if all the gain is excludable.
  • You have a gain of more than $250,000 ($500,000 if married or qualifying surviving spouse) on the sale of your home.
  • You lived in your home as your main home for less than two years, and you are not eligible to exclude the gain on the sale of your home.

The sale of your second home is reported on the Income > Sale of Stocks screen only if there is a gain on the sale. Do not report a loss.