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New Member

Do I have to claim the proceeds from the sale of our house?

 
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Highlighted
New Member

Do I have to claim the proceeds from the sale of our house?

If the house was your principal residence and was not used for income producing purposes (ie a rental property), then you do not report the sale on your return.  It is not taxable

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Highlighted
New Member

Do I have to claim the proceeds from the sale of our house?

If the house was your principal residence and was not used for income producing purposes (ie a rental property), then you do not report the sale on your return.  It is not taxable

View solution in original post