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If I sell my house and make no money on it, do I have to even report the sale to the IRS?

AM
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If I sell my house and make no money on it, do I have to even report the sale to the IRS?

It depends. If this is a hypothetical, see the instructions for Forms 1099-S and 1040. If you sold already, how was tax reporting dealt with at closing?

For the details about the tax treatment of sale of principal residence, see Publication 523.

Phil
Rule Your Retirement Home Fool
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Thanks - seems like (just looking at instructions for Schedule D) we would not have to report it at all. We've never made a dime on real estate. :(

AM
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