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1. www.irs.gov › publications › p523Publication 523 (2023), Selling Your Home | Internal Revenue ...

   www.irs.gov › publications › p523

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   Learn how to exclude gain from the sale of your home, calculate your taxable gain, and report the transaction on your tax return. Find worksheets, examples, and updates on home energy tax credits and Qualified Opportunity Funds.

   • About Publication 523, Selling Your Home

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     519 號刊物 (2023) p519zht.pdf: Publication 523 (2023), Selling...

2. www.efile.com › tax-service › formsAll About Publication 523 (2023), Selling Your Home - e-File

   www.efile.com › tax-service › forms

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   Publication 523 (2023), Selling Your Home Publication 523 explains the tax consequences of selling your home, including potential exclusions, calculating gains/losses, and reporting requirements. It offers clear guidance and helpful worksheets to simplify the process.

3. People also ask

   What is publication 523?

   • Publication 523 explains tax rules that apply when you sell your main home. This publication explains the tax rules that apply when you sell (or otherwise give up ownership of) a home.

   About Publication 523, Selling Your Home - IRS tax forms

   www.irs.gov/forms-pubs/about-publication-523

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   How much tax refund do I get in 2023?

   • In 2023, you also receive a $1,500 state income tax refund. The maximum refund that you may have to include in income is $500, because it's less than the excess of the tax deducted ($9,500) over the tax you didn't choose to deduct ($9,200 − $1,500 = $7,700).

   Publication 525 (2023), Taxable and Nontaxable Income

   www.irs.gov/publications/p525

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   What happens if I get a capital gains tax refund in 2023?

   • Capital gains. If you determined your tax in the earlier year by using the Schedule D Tax Worksheet, or the Qualified Dividends and Capital Gain Tax Worksheet, and you receive a refund in 2023 of a deduction claimed in that year, you'll have to refigure your tax for the earlier year to determine if the recovery must be included in your income.

   Publication 525 (2023), Taxable and Nontaxable Income

   www.irs.gov/publications/p525

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   How do I report a corrective distribution on Form 1099-R for 2023?

   • Use the following rules to report a corrective distribution shown on Form 1099-R for 2023. If the distribution was for a 2023 excess deferral, your Form 1099-R should have code 8 in box 7. Add the excess deferral amount to your wages on your 2023 tax return.

   Publication 525 (2023), Taxable and Nontaxable Income

   www.irs.gov/publications/p525

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4. www.irs.gov › publications › p525Publication 525 (2023), Taxable and Nontaxable Income

   www.irs.gov › publications › p525

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   If you didn't receive the distribution by April 15, 2023, you must also add it to your wages on your 2023 tax return. If the distribution was for the income earned on an excess deferral, your Form 1099-R should have code 8 in box 7. Add the income amount to your wages on your 2023 income tax return, regardless of when the excess deferral was made.