What do you need if you bought and sold a home in 2006,to file your taxes?

Answer 1

The most important document would be the closing papers on the house you bought. The preparer would read the document for possible deductions, like points on the mortgage.

If the house you sold was your principal residence for two of the last five years, then no tax is due as long as the gain on the sale was less than $250,000 ($500,000 if married filing jointly). If these conditions are not met, then bring documents showing the initial value of the home, improvements to the home, and the closing documents so that the preparer can figure the gain or loss on the home and enter it on the tax return.

Answer 2

Look for the HUD from both transactions (it's a 2-3 page legal size document that details all of the costs in the sale and purchase of your properties). Of course all your normal documentation will be expected as well; W-2's, interest earned statements, interest paid statements, etc.