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I sold my home this year for $183,000 and originally bought the house for $160,000 in 2014. It is telling me that I do not have anything to report because I had a loss of $833. I'm really confused and don't want to mess this up. Im sure I'm enterin

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Best answer by BillM223

If all of the following are true

1. You did not receive a 1099-S (reporting a home sale - not common)

2. You owned the home at least 2 of the last 5 years

3. You used the home as your principal residence at least 2 of the last 5 years (doesn't have to be the same 2 years as #2)

4. You have not taken the home sale exclusion in the last 2 years

5. You did not claim depreciation for a home office

6. You did not make more than $250,000 gain ($500,000 if married filing joint)

Then you do not have to report the sale of your home. This is a common situation.