| Government Form |
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|---|---|---|---|---|
| Worksheet | Section | Field | ||
| Part 1 | ||||
| 1 | Income > Gains and Losses | Sale of Your Home | Selling price of former main home | |
| Income > Installment Sales | Sales Price and Cost |
Sales price - Cash down payment - Other down payment - Mortgage assumed by buyer (current year sale) - Balance OR Sales price - Gross sales price – override |
||
| IF | ||||
| Income > Gains and Losses | Sale of Your Home | 6252 entity number corresponds | ||
| 2 | Income > Gains and Losses | Sale of Your Home |
Commissions and Other Expenses – Amount IF Commissions and Other Expenses – Code is "1" |
|
| Income > Installment Saless | Sales Price and Cost | Commissions and other expenses of sale | ||
| IF | ||||
| Income > Gains and Losses | Sale of Your Home | 6252 entity number corresponds | ||
| 3 | Calculated | |||
| Income > Gains and Losses | Sale of Your Home |
Gross proceeds reported on Form 1099-S IF Selling prince of former main home and 6252 entity number are not entered |
||
| 4 | Income > Gains and Losses | Sale of Your Home |
Commissions & Other Expenses – Amount IF Commissions and Other Expenses - Code is "2" or blank |
|
| Income > Installment Saless | Sales Price and Cost | Total cost or basis – Amount | ||
| IF | ||||
| Income > Gains and Losses | Sale of Your Home | 6252 entity number corresponds | ||
| 5 | Calculated | |||
| Part 2 | ||||
| 6 | Income > Gains and Losses | Sale of Your Home | Depreciation claimed on property after 5/6/1997 | |
| 7 | Calculated | |||
| 8 | Income > Gains and Losses | Sale of Your Home | Number of days of nonqualified use | |
| 9 | Calculated based on | |||
| Income > Gains and Losses | Sale of Your Home |
Date former main home acquired Date former main home sold |
||
| Calculated based on | ||||
| Income > Installment Sales | General | Date acquired Date sold | ||
| IF | ||||
| Income > Gains and Losses | Sale of Your Home | 6252 entity number corresponds | ||
| 10 | Calculated | |||
| 11 | Calculated | |||
| 12 | Calculated | |||
| Zero | ||||
| IF | ||||
| Income > Gains and Losses | Sale of Your Home |
Acquired in like-kind exchange is last 5 years OR Subject to expatriate tax |
||
| 13 | Calculated based on | |||
| Income > Gains and Losses | Sale of Your Home | Date former main home acquire Date former main home sold |
||
| Calculated based on | ||||
| Income > Installment Saless | General | Date acquired Date sold | ||
| IF | ||||
| Income > Gains and Losses | Sale of Your Home | 6252 entity number corresponds | ||
| Adjustment | ||||
| Gains and Losses (Schedule D, Forms 4684, 4797, 8594 | Sale of Your Home |
Number of days property used as main home during 5 year period ending on date of sale - Taxpayer Number of days property used as main home during 5 year period ending on date of sale > Spouse Number of days property owned during the 5 year period ending on date of sale - Taxpayer Number of days property owned during the 5 year period ending on date of sale > Spouse Number of days between date of sale of this home and other home > Taxpayer Number of days between date of sale of this home and other home > Spouse |
||
| Income > Gains and Losses | Sale of Your Home | Maximum exclusion – Override | ||
| 14 | Calculated | |||
| Income > Gains and Losses | Sale of Your Home | Amount of allocated exclusion if prorated with Form 4797 - Adjusts | ||
| 15 | Calculated | |||
| Income > Gains and Losses | Sale of Your Home | Gain on sale of personal residence - Override | ||
| 16 | Calculated | |||
| Reduced Exclusion Worksheet | ||||
| Column completed determined by TSJ coding in | ||||
| Income > Gains and Losses | Sale of Your Home | TSJ | ||
| 1 | $ 250,000 | |||
| You - $500,000 | ||||
| IF | ||||
| Income > Gains and Losses | Sale of Your Home | Spouse deceased, date of death occurred within two years of sale and spouse met residency requirements | ||
| 2a | You - | |||
| Income > Gains and Losses | Sale of Your Home | Number of days property used as main home during 5 year period ending on date of sale > Taxpayer | ||
| Spouse - | ||||
| Income > Gains and Losses | Sale of Your Home | Number of days property used as main home during 5 year period ending on date of sale > Spouse | ||
| Calculated based on | ||||
| Income > Gains and Losses | Sale of Your Home | Date former main home acquired Date former main home sold |
||
| Calculated based on | ||||
| Income > Installment Saless | General | Date acquired Date sold |
||
| IF | ||||
| Income > Gains and Losses | Sale of Your Home | 6252 entity number corresponds | ||
| 2b | You - | |||
| Income > Gains and Losses | Sale of Your Home | Number of days property owned during the 5 year period ending on date of sale > Taxpayer | ||
| Spouse - | ||||
| Income > Gains and Losses | Sale of Your Home | Number of days property owned during the 5 year period ending on date of sale > Spouse | ||
| Calculated based on | ||||
| Income > Gains and Losses | Sale of Your Home | Date former main home acquired Date former main home sold | ||
| Calculated based on | ||||
| Income > Installment Saless | General | Date acquired Date sold |
||
| IF | ||||
| Income > Gains and Losses | Sale of Your Home | 6252 entity number corresponds | ||
| 2c | Calculated | |||
| 3 | You - | |||
| Income > Gains and Losses | Sale of Your Home | Number of days between date of sale of this home and other home > Taxpayer | ||
| Spouse - | ||||
| Income > Gains and Losses | Sale of Your Home | Number of days between date of sale of this home and other home > Spouse | ||
| 4 | Calculated | |||
| 5 | Calculated | |||
| 6 | Calculated | |||
| 7 | Calculated | |||
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