This publication explains the tax rules that apply when you sell your main home. Generally, your main home is the one in which you live most of the time. If you sold your main home in 2008, you may be able to exclude from income any gain up to a limit of $250,000 ($500,000 on a joint return in most cases). If you can exclude all of the gain, you do not need to report the sale on your tax return.
Type: Federal Forms
Example pages PDF
