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Is this for your primary residence or investment, or business, or rental property?
Did you also receive 1099-C?
Primary residence. Received 1099-A only.
Did you own and use the property as your primary residence at least 2 years?
What was a purchase price?
Cost $450,000. Owned the property for 1 year,
While generally the transaction is taxable, in your particular situation there is no any taxable income as you purchase the property for $450,000 and the asset was disposed for $381,978 (the Fair Market Value of Property) .
You also may not deduct your losses as that was a personal property. So generally you - you do not need to report the transaction.
If you would have a profit - you will report it on the schedule D. The form 4797 is used to report the sale of a business or rental property.
You may want to add notice to the IRS to avoid possible questions.