Ask Experts Questions for FREE Help !
Ask
    blastfrompast2's Avatar
    blastfrompast2 Posts: 1, Reputation: 1
    New Member
     
    #1

    Feb 20, 2008, 04:01 PM
    I sold my house in 2006. How do I file my 2007 federal income tax.
    I sold my house in 2006 in MA.. Moved out of state to NC and built a new house but didn't wright it off in 2006 because I was better off using the 1040 EZ said Jackson Hewitt tax service. Can I wright it off this year ? And how do I go about filing that on my 2007 federal income tax?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
     
    #2

    Feb 20, 2008, 04:43 PM
    Did not file something, because it was easier and better to not claim something. You made choice not to, so unless you wish to do a admended 2006 I see no reason.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #3

    Mar 6, 2008, 02:22 PM
    If you sold your personal home and the profit was under $250K, you have NO REQUIREMENT to report the sale on ANY tax return.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

2006 2007 federal returns [ 6 Answers ]

Hi I came to USA in October 2006. For the three month's salary, I filed online returns for FEDERAL and STATE using Turbotax for my refund which was 2000 USD ( State and Fed both) in Feb 2007. After that I lived in the US till today that is from OCt 2006 till date ( 1.5 yrs approx) ...

Tax returns 2006 and 2007 [ 1 Answers ]

Hi I came to USA in October 2006. For the three month's salary, I filed online returns for FEDERAL and STATE using Turbotax for my refund which was 2000 USD ( State and Fed both) in Feb 2007. After that I lived in the US till today that is from OCt 2006 till date ( 1.5 yrs approx) ...

I sold my house in 2007. How do I file my tax return [ 3 Answers ]

I sold my house in 2007. How do I file my 2007 federal income tax.

Last year 2006 my income was zero, do I need to file for tax [ 6 Answers ]

Hi, I arrived in US on H1B Oct 1st, 2006 and had zero income till the end of the year dec 2006. From jan I started earning. Now do I need to file for return even my earnings were nil. Please advise.

Am I mandated to file my Income Tax for 2006? [ 1 Answers ]

1. I arrived in the U.S. last Oct. 22 with H-1B Visa together with my four (4) children and my wife is still in my home country. Am I mandated by law to file my income tax return for 2006? 2. If I'm not madated to file and opt not to file, how can I possibly file an ITIN for my children...


View more questions Search