The House They Forgot to Report

The House They Forgot to Report:
Selling your home can be exciting — but before you celebrate, the IRS may want a piece of your profit. In this video, we explain step-by-step how to report the sale of your home to the IRS, when you must file Form 8949 or Schedule D, and how the home sale exclusion can save you up to $500,000 in taxes.

📘 Learn More Topics:

What is Form 1099-S and why it matters

When your gain is fully excluded under Section 121

How to calculate your home’s adjusted basis

When you do not need to report your home sale

What happens if you sold a condo or rental property

🧾 AutomaticTaxReturns helps you understand the IRS before it understands you.

👉 Subscribe for real tax stories, IRS horror cases to AutomaticTaxReturns, and financial tips every week at https://automatictaxreturns.com/