$250,000.00 exclusion from the sale of my home, single

You won't pay taxes on the first $250,000 (also known as a gain) you make from the sale of your home .

That income is free and clear as long as:

• You owned the home
• It was your main home for two years or more within the five years leading up to the sale
• You waited at least two years between selling your primary home and excluding your first $250,000 . In other words, you may buy and sell as many primary homes as you'd like, but you'll only get this tax benefit every two years.

You don't need to enter the sale of your home if the gain on the sale was less than $250,000. 

But you do need to report the sale if you received a 1099-S that reported the sale or if you had a gain of more than $250,000.

To enter the sale of your personal home:

1. Go to Wages and Income,
2.  Scroll to Investments
3. Answer Yes on the Did you sell any investments in 2021? screen
   • If you land on the Your investment sales summary screen, select Add More Sales
4. On the Did you get a 1099-B or brokerage statement for these sales? screen, select No
5. On the Tell us about this sale screen, select I’ll enter one sale at a time, and enterPersonal home in the Description box
6. Enter the remaining info for your sale and continue through the screens until you reach Here’s all the investment accounts we have so far
   • If you have more sales to add, select Add more sales

If you are required to report the sale, the program (not you) will take care of the exclusion for you if you qualify, and if you answer/respond to the questions/selections presented to you correctly.