Does My Mom Need to Report the Sale of Her Home to the IRS?2023-04-072023-04-07http://www.ElderLawCarolina.com/wp-content/uploads/2015/10/logo.pngElderLaw Carolinahttp://www.ElderLawCarolina.com/wp-content/uploads/2015/10/logo.png200px200px
Yes. She needs to report the capital gain on the sale. However, she can exclude the first $250,000 of the gain, so the sale and reporting may or may not result in any taxes.