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It also covers opportunity zone rule revisions under P.L. 119-21 and highlights special capital gains and mortgage debt exclusion provisions, along with potential depreciation recapture reporting.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/template/","Template",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/template/paper-templates/","Paper Templates",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/template/publication-523-selling-your-home-for-use-in-preparing-2025-returns/303613/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/publication-523-selling-your-home-for-use-in-preparing-2025-returns/303613.png","ImageObject",442,249,{"name":42,"@type":43},"Lucas Martin","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-10-01","2026-09-19",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",5,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69],{"name":60,"@type":61,"acceptedAnswer":62},"What is Publication 523 used for?","Question",{"text":63,"@type":64},"Publication 523, Selling Your Home, is for use in preparing 2025 returns.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"What’s new regarding energy efficient home improvement credits for 2025?",{"text":68,"@type":64},"Credit for energy efficient home improvements requires an identification number. For specified property placed into service in 2025, you must include the four-character alphanumeric qualified manufacturer identification number (QMID) for each item.",{"name":70,"@type":61,"acceptedAnswer":71},"What reminder sections cover regarding opportunity zones and other exclusions?",{"text":72,"@type":64},"The document notes revisions to Opportunity Zone rules under P.L. 119-21 and reminders on special rules for capital gains invested in Qualified Opportunity Funds and the extension of the exclusion for canceled or forgiven mortgage debt through December 31, 2025.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},303613,1789805705,{"code":4,"msg":82,"data":83},"success",[84,89,94,99,104,109,114,119,122],{"id":85,"doc_module":22,"doc_module_name":25,"category_name":86,"show_sort_weight":87,"slug":88},11,"Presentations",90,"presentations",{"id":90,"doc_module":22,"doc_module_name":25,"category_name":91,"show_sort_weight":92,"slug":93},12,"Resumes",80,"resumes",{"id":95,"doc_module":22,"doc_module_name":25,"category_name":96,"show_sort_weight":97,"slug":98},14,"Invoices",70,"invoices",{"id":100,"doc_module":22,"doc_module_name":25,"category_name":101,"show_sort_weight":102,"slug":103},15,"Posters",60,"posters",{"id":105,"doc_module":22,"doc_module_name":25,"category_name":106,"show_sort_weight":107,"slug":108},16,"Social Media",50,"social-media",{"id":110,"doc_module":22,"doc_module_name":25,"category_name":111,"show_sort_weight":112,"slug":113},17,"Forms",40,"forms",{"id":115,"doc_module":22,"doc_module_name":25,"category_name":116,"show_sort_weight":117,"slug":118},18,"Letters",30,"letters",{"id":120,"doc_module":22,"doc_module_name":25,"category_name":29,"show_sort_weight":55,"slug":121},21,"papers-templates",{"id":123,"doc_module":22,"doc_module_name":25,"category_name":124,"show_sort_weight":4,"slug":125},158,"General","general-158",{"code":4,"msg":82,"data":127},{"doc_id":79,"user_id":128,"nickname":42,"user_avatar":129,"doc_module":22,"category_id":120,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":55,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":135,"language":136,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":12,"update_tm":80,"read_time":140},8796095360427,"https://ap-avatar.wpscdn.com/davatar_994ba38a5ba835b3df7d355c54d3ed8d","Note: The draft you are looking for begins on the next page.  \nCaution: DRAFT—NOT FOR FILING  \nThis is an early release draft of an IRS tax form, instructions, or publication, which the IRS is providing for your information. Do not file draft forms. We incorporate all significant changes to forms posted with this coversheet. However, unexpected issues occasionally arise, or legislation is passed—in this case, we will post a new draft of the form to alert users that changes were made to the previously posted draft. Thus, there are never any changes to the last posted draft of a form and the final revision of the form. Forms and instructions are subject to OMB approval before they can be officially released, so we post drafts of them until they are approved. Drafts of instructions and pubs usually have some additional changes before their final release. Early release drafts are at [IRS.gov/DraftForms](IRS.gov/DraftForms and)[ and](IRS.gov/DraftForms and) remain there after the final release is posted at [IRS.gov/LatestForms](IRS.gov/LatestForms. Also see)[. Also see](IRS.gov/LatestForms. Also see) [IRS.gov/Forms](IRS.gov/Forms).  \nMost forms and publications have a page on [IRS.gov:](IRS.gov:) [IRS.gov/Form1040](IRS.gov/Form1040 for)[ for](IRS.gov/Form1040 for)[ ](IRS.gov/Form1040 for)Form 1040; [IRS.gov/Pub501](IRS.gov/Pub501) for Pub. 501; [IRS.gov/W4](IRS.gov/W4 for Form W-4)[ for Form W-4](IRS.gov/W4 for Form W-4); and [IRS.gov/ScheduleA](IRS.gov/ScheduleA for Schedule A)[ for Schedule A](IRS.gov/ScheduleA for Schedule A) (Form 1040), for example, and similarly for other forms, pubs, and schedules for Form 1040. When typing in a link, type it into the address bar of your browser, not a Search box on [IRS.gov](IRS.gov).  \nIf you wish, you can submit comments to the IRS about draft or final forms, instructions, or pubs at [IRS.gov/FormsComments](IRS.gov/FormsComments. Include)[. Include](IRS.gov/FormsComments. Include) “NTF” followed by the form or pub number (for example, “NTF1040”,“NTFW4”, “NTF501”, etc. ) in the body of the message to route your message properly. We cannot respond to all comments due to the high volume we receive and may not be able to consider many suggestions until the subsequent revision of the product, but we will review each “NTF”message. If you have comments on reducing paperwork and respondent (filer) burden, with respect to draft or final forms, please respond to the relevant information collection through the Federal Register process; for more info, click here.  \nDRAFT  \nTREASURY/IRS AND OMB USE ONLY DRAFT  \nPublication 523  \nSelling Your Home  \nFor use in preparing 2025 Returns  \n\n| |  |\n| --- | --- |\n| Get forms and other information faster and easier at: |  |\n| • [IRS.gov](IRS.gov) (English)\u003Cbr>• [IRS.gov/Spanish](IRS.gov/Spanish) (Español)\u003Cbr>• [IRS.gov/Chinese](IRS.gov/Chinese) (中文) | • [IRS.gov/Korean](IRS.gov/Korean) (한국어)\u003Cbr>• [IRS.gov/Russian](IRS.gov/Russian) (Pусский)\u003Cbr>• [IRS.gov/Vietnamese](IRS.gov/Vietnamese) (Tiếng Việt) |\n\n\n| Future Developments\u003Cbr>For the latest information about developments related to Pub. 523, such as legislation enacted after it was published, [go to](go to IRS.gov/Pub523)[ ](go to IRS.gov/Pub523)[IRS.gov/Pub523](go to IRS.gov/Pub523) . |\n| --- |\n| What’s New\u003Cbr>Credit for energy efficient home improvements requires an identification number. Beginning January 1, 2025, if you are claiming the energy efficient home improvement credit for specified property placed into service in 2025, you must include the four-character alphanumeric unique qualified manufacturer identification number (QMID) for each item. Home energy tax credits are detailed in Energy credits and subsidies.\u003Cbr>Termination of certain energy credits after 2025. P.L. 119-21, commonly known as the One Big Beautiful Bill Act (OBBBA), sections 70505 and 70506, modifies several energy credits and deductions. The energy efficient home improvement and residential clean energy credit are both set to expir","cbCaiqC0bhwgUpA0","https://ap.wps.com/l/cbCaiqC0bhwgUpA0","pdf",1546279,28,"English","# Publication 523\n## Selling Your Home\n## For use in preparing 2025 Returns\n## What’s New\n## Reminders","[{\"question\":\"What is Publication 523 used for?\",\"answer\":\"Publication 523, Selling Your Home, is for use in preparing 2025 returns.\"},{\"question\":\"What’s new regarding energy efficient home improvement credits for 2025?\",\"answer\":\"Credit for energy efficient home improvements requires an identification number. For specified property placed into service in 2025, you must include the four-character alphanumeric qualified manufacturer identification number (QMID) for each item.\"},{\"question\":\"What reminder sections cover regarding opportunity zones and other exclusions?\",\"answer\":\"The document notes revisions to Opportunity Zone rules under P.L. 119-21 and reminders on special rules for capital gains invested in Qualified Opportunity Funds and the extension of the exclusion for canceled or forgiven mortgage debt through December 31, 2025.\"}]","Publication 523 - Selling Your Home - For use in preparing 2025 Returns | PDF",10]