do you receive a tax form when you sell your house
Tax Implications When You Sell Your Home for a Profit. 1  $250,000-$500,000: You may be able to exclude up to $250,000 of the capital gain from your income for an individually filed return, and $500,000 on a joint return, in most cases, when you realize a capital gain from the sale of your primary residence.ax Implications When You Sell Your Home for a Profit. 1  $250,000-$500,000: You may be able to exclude up to $250,000 of the capital gain from your income for an individually filed return, and $500,000 on a joint return, in most cases, when you realize a capital gain from the sale of your primary residence.