When you sell your home, you may sign a form stating that you will not have a taxable gain on the sale of your home and for other information. If you do receive Form 1099-S, you must report the sale of your home on your tax return, even if you do not have to pay tax on any gain.

What form is used to report the sale?

Form 4797 is a tax form distributed by the Internal Revenue Service (IRS). Form 4797 is used to report gains made from the sale or exchange of business property, including property used to generate rental income, and property used for industrial, agricultural, or extractive resources.

What kind of tax form do I use to report the sale of my home?

To report the sale of your home and any capital gains, use Schedule D of your 1040 tax return and Form 8949. Use Schedule D to report any gains or a loss from the sale.

How to report the sale of rental property?

Report the gain or loss on the sale of rental property on Form 4797, Sales of Business Property or on Form 8949, Sales and Other Dispositions of Capital Assets depending on the purpose of the rental activity. Individuals typically use Schedule D (Form 1040), Capital Gains and Losses together with Form 4797 or Form 8949.

Do you have to report taxable gain on sale of home?

You have taxable gain on your home sale (or on the residential portion of your property if you made separate calculations for home and business) and don’t qualify to exclude all of the gain. You received a Form 1099-S. If so, you must report the sale on Form 8949 even if you have no taxable gain to report.

What kind of taxes do I have to file when I Sell my House?

The main tax form for a house sale is your ordinary 1040 income tax form. You’re also required to file Form 8949 to report any capital gains or losses from the sale of the house. You may be able to exclude some gains on your own residence.