The IRS Guide for Selling Your Home

Table of Contents

• Publication 523 – Introductory Material
  • Future Developments
  • Reminders
  • Introduction
    • Ordering forms and publications.
    • Tax questions.
  • Useful Items – You may want to see:
• Publication 523 – Main Content
  • Main Home
    • Vacant land.
    • Factors used to determine main home.
  • Figuring Gain or Loss
    • Selling Price
    • Amount Realized
    • Adjusted Basis
    • Amount of Gain or Loss
    • Dispositions Other Than Sales
  • Determining Basis
    • Cost As Basis
    • Basis Other Than Cost
    • Adjusted Basis
  • Excluding the Gain
    • Maximum Exclusion
    • Ownership and Use Tests
    • Reduced Maximum Exclusion
    • Nonqualified Use
  • Business Use or Rental of Home
    • Unrecaptured section 1250 gain.
    • Property Used Partly for Business or Rental
  • Reporting the Sale
    • Seller-financed mortgage.
    • Individual taxpayer identification number (ITIN).
    • More information.
    • Comprehensive Examples
  • Special Situations
    • Exception for sales to related persons.
  • Deducting Taxes in the Year of Sale
    • Form 1099-S.
    • More information.
  • Recapturing (Paying Back) a Federal Mortgage Subsidy
  • Recapture of First-Time Homebuyer Credit
    • Example.
    • Exception.
  • Worksheets
  • How To Get Tax Help
    • Low Income Taxpayer Clinics (LITCs).
• Publication 523 – Additional Material
• Index