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Qhow to do this in 1040 form(maybe schedule1 or a)? Is this taxable?Capital gain? On June 5, 2019, Keith and Jennifer sold their home in

Qhow to do this in 1040 form(maybe schedule1 or a)? Is this taxable?Capital gain?

On June 5, 2019, Keith and Jennifer sold their home in Henderson, NV, for $510,000 (net of commissions). Keith and Jennifer purchased the home eleven years ago for $470,000. On July 12, 2019, they bought a new home for $675,000.

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