reporting sale of personal residence

SWreporting sale of personal residenceTI SUCHARITA & SHARMILA GANESAN-RAM TIMES NEWS NETWORK, TOI Crest

Publication 523 (2011), Selling Your Home
Any gains from sales of personal property must be included in your income, but . If the option is not exercised, you must report the amount as ordinary income in . Discharge of qualified principal residence indebtedness that was excluded .
http://www.irs.gov/publications/p523/ar02.html

(Travelling back in time)

Sale of Residence - Real Estate Tax Tips
If you can exclude all of the gain, you do not need to report the sale on your tax return; If you have gain that cannot be excluded, it is taxable. Report it on .
http://www.irs.gov/businesses/small/industries/article/0,,id=98921,00.html

Tax Topics - Topic 701 Sale of Your Home
Dec 22, 2011 . Refer to Publication 523 for the complete eligibility requirements as well as exceptions to the two year rule. Report the sale of your main home .
http://www.irs.gov/taxtopics/tc701.html

2011 Publication 523
report any gain or loss from those sales, see Publication . need to report the sale on your tax return. . Discharge of qualified principal residence indebted- .
http://www.irs.gov/pub/irs-pdf/p523.pdf

Sale of Principal Residence Tax rules for sale of a principal ...
sale of a principal residence and the seller can be of any age. . owner/taxpayer would report the taxable portion of the sale as long-term capital gains on .
http://www.ag-econ.ncsu.edu/faculty/vanderhoeven/Taxsaleres.PDF

I sold my personal residence. How do I report the sale to California ...
I sold my personal residence. How do I report the sale to California? You must report the sale of your principal residence if you have a gain and do not qualify to .
http://www.ftb.ca.gov/individuals/faq/ivr/219.shtml

Reporting Short Sale of Personal Residence (Form 1099-C) Using ...
Feb 16, 2009 . This short video shows how to use TurboTax to report the receipt of Form 1099-C in connection with the "Short Sale" of your personal residence .
http://www.youtube.com/watch?v=ABZ0NXDk-hs

Sale of Home Frequently Asked Questions - Wisconsin Department ...
Dec 20, 2011 . Do I have to report the sale? I sold my principal residence this year. What form do I need to file? If I take the exclusion of capital gain tax on the .
http://www.revenue.wi.gov/faqs/pcs/salhom.html

TaxAlmanac - A free online tax research resource and community ...
Discussion Forum Index --> Tax Questions --> Sale of primary residence . But, in my personal opinion, you should not report this sale. I don't think your client .
http://www.taxalmanac.org/index.php/Discussion:Sale_of_primary_residence

Brochure: Sale of Your Principal Residence and PA Personal ...
their homes as principal residences for at least two of the five years . the sale of a personal residence from PA . out reporting any gain from the sale of a princi- .
http://www.portal.state.pa.us/portal/server.pt/document/629020/rev-625_pdf

Leap of faith

Sale of Personal Residence | C/F/R Cross, Fernandez & Riley, LLP
You do not need to report the sale of your primary residence on your tax return unless the following apply: you have a gain and do not qualify to exclude all of it, .
http://cfrcpa.com/the-tax-update/article/sale-of-personal-residence

PA Taxes - reporting loss on sale of principal residence? - Yahoo ...
In 2011 I sold my principal residence for a loss. I have slight stock . Personal losses are not deductible.
http://answers.yahoo.com/question/index?qid=20120331185531AAFbnnE

Principal Residence Sale - Law Offices of Geraldine E. Champion
Tax Rules Relating to the Sale of a Principal Residence . Under pre-1997 Act law, taxpayers were required to report the sale price of the old residence, .
http://www.ca-elderlaw.com/realestate/principalresidencesale.html

Principal residence and other real estate
Jan 4, 2012 . If the property was your principal residence for every year you owned it, you do not have to report the sale on your income tax and benefit return .
http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/rprtng-ncm/lns101-170/127/rsdnc/menu-eng.html

Report of Sale of Real Property by Nonresidents 00
Report of Sale of Real Property . Individual's First Name (USE CAPITAL LETTERS ). Individual's . Is the transaction for the sale of a personal residence? 00 .
http://www.dor.state.nc.us/downloads/indiv_archive/01archive/NC1099NRS_5-02.pdf

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