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Instructions for Form 1099 S Instructions for Form 1099 S, Proceeds from Real Estate Transactions

Instructions for Form 1099 S Instructions for Form 1099 S, Proceeds from Real Estate Transactions

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okay for this video I want to talk about how to report the sale of your main home and claim the principal residence exclusion however this is going to be a unique circumstance where you sell the home but you didn't need the ownership and use time period and an exclusion applied right and so the exclusion that we're going to cover in this example is a change of employment so as far as what we have in front of us here I want to go through everything first and then we'll come back to the slide so I do have two slides the first one is covering some of the background the rules and some simple examples as to how the principal residence exclusion works and then in the second one we're going to talk about some of those exceptions to the general rule and then we'll look at the fact pattern okay and then in addition to those we do have a sample form 1040 where we're going to be claiming the well we're going to be reporting the sale of the h

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