DISCLAIMER: This article is meant for educational purposes only and is not intended to be construed as financial, tax, or legal advice. HomeLight always encourages you to reach out to a professional advisor regarding your own situation.

Selling a house can be a complex process, especially when it comes to tax filings. There are various documents that you will need to have in order to ensure that your taxes are filed correctly and on time.

Here is a list of 8 documents that you may need for tax filings if you sold a house :

Sales Contract: This document includes the details of the sale, such as the purchase price and any contingencies that were included in the agreement.
Closing Statement: This document lists all of the costs associated with the sale of the property, including any real estate commissions and closing costs.
Mortgage Payoff Statement: This document shows the total amount that you still owe on your mortgage, as well as any interest that was paid on the loan.
Property Tax Statement: This document shows the amount of property taxes that were paid on the property during the year of the sale.
Homeowner's Insurance Policy: This document shows the amount of homeowner's insurance that was paid on the property during the year of the sale.
Improvements: Receipts and invoices for any home improvements that were made during the time you owned the property, this can be used to calculate capital gains or loss.
Proof of residence: This can be used to prove that the property was your primary residence, which can affect the taxes you owe on the sale.
1099-S: This is a form that the closing agent will provide to you and the IRS, reporting the sale of the property.

By having all of these documents on hand, you can ensure that your tax filings are accurate and on time. It's important to consult with a tax professional to ensure that you are in compliance with all of the tax laws and regulations related to selling a house.

Selling a house can be a complex process, especially when it comes to tax filings. There are various documents that you will need to have in order to ensure that your taxes are filed correctly and on time.

Here is a list of 8 documents that you may need for tax filings if you sold a house :

Sales Contract: This document includes the details of the sale, such as the purchase price and any contingencies that were included in the agreement.

Closing Statement: This document lists all of the costs associated with the sale of the property, including any real estate commissions and closing costs.

Mortgage Payoff Statement: This document shows the total amount that you still owe on your mortgage, as well as any interest that was paid on the loan.

Property Tax Statement: This document shows the amount of property taxes that were paid on the property during the year of the sale.

Homeowner's Insurance Policy: This document shows the amount of homeowner's insurance that was paid on the property during the year of the sale.

Improvements: Receipts and invoices for any home improvements that were made during the time you owned the property, this can be used to calculate capital gains or loss.

Proof of residence: This can be used to prove that the property was your primary residence, which can affect the taxes you owe on the sale.

1099-S: This is a form that the closing agent will provide to you and the IRS, reporting the sale of the property.

By having all of these documents on hand, you can ensure that your tax filings are accurate and on time. It's important to consult with a tax professional to ensure that you are in compliance with all of the tax laws and regulations related to selling a house.

8 Documents You May Need For Tax Filings if You Sold a House

Selling a house can be a complex process, especially when it comes to tax filings. There are various documents that you will need to have in order to ensure that your taxes are filed correctly and on time.

Here is a list of 8 documents that you may need for tax filings if you sold a house :

Sales Contract: This document includes the details of the sale, such as the purchase price and any contingencies that were included in the agreement.

Closing Statement: This document lists all of the costs associated with the sale of the property, including any real estate commissions and closing costs.

Mortgage Payoff Statement: This document shows the total amount that you still owe on your mortgage, as well as any interest that was paid on the loan.

Property Tax Statement: This document shows the amount of property taxes that were paid on the property during the year of the sale.

Homeowner's Insurance Policy: This document shows the amount of homeowner's insurance that was paid on the property during the year of the sale.

Improvements: Receipts and invoices for any home improvements that were made during the time you owned the property, this can be used to calculate capital gains or loss.

Proof of residence: This can be used to prove that the property was your primary residence, which can affect the taxes you owe on the sale.

1099-S: This is a form that the closing agent will provide to you and the IRS, reporting the sale of the property.

By having all of these documents on hand, you can ensure that your tax filings are accurate and on time. It's important to consult with a tax professional to ensure that you are in compliance with all of the tax laws and regulations related to selling a house.

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