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edstar84
February 14, 2022
Question

Do I need to report that I sold one primary residence and bought another?

  • February 14, 2022
  • 1 reply
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I moved out of state for work.  I sold my home in Virginia and bought a new one in California.  How do I report this on my taxes?

1 reply

F
FangxiaL
February 14, 2022

It depends. You might need to report the sale of your primary residence as there might be taxable gain to report and pay tax on the sale, but you don't need to report the purchase of your new one on your tax return.  

 

For more information, please refer to this help article How does selling a home affect my taxes?

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