The Blacks moved from New Hampshire to Nevada. As a result, they sold their house in New Hampshire on January $4,2023($see $1099-$S below$).$

They originally paid $$80,000$ for the home on July $3,1997.$ They spent $$14,000$ on improvements over the years and paid $$31,474$ in selling costs. Gross Proceeds from $1099-$S $$629,474$

$\backslash$table$[[\backslash$table$[[$Name$($s$)$ shown on return. Name and SSN or taxpayer identification no$.$ not$],[$required if shown on other side$],[$Walter and Skylar Black$]],$Social security number or taxpayer identification number$],[\backslash$table$[[$Before you check Box D$,$ E$,$ or F below, see whether you received any Form$($s$)1099-$B or substitute statement$($s$)$ from your broker. A substitute$],[$statement will have the same information as Form $1099-$B$.$ Either will show whether your basis $($usually your cost$)$ was reported to the IRS by$],[$your broker and may even tell you which box to check.$]]],[\backslash$table$[[$Part II Long$-$Term. Transactions involving capital assets you held more than $1$ year are generally long$-$term $($see instructions$).$ For short$-],[$term transactions, see page $1.],[$Note: You may aggregate all long$-$term transactions reported on Form$($s$)1099-$B showing basis was reported to the IRS and for$],[$which no adjustments or codes are required. Enter the totals directly on Schedule D$,$ line $8a$; you aren't required to report these$],[$transactions on Form $8949($see instructions$).]]],[\backslash$table$[[$You must check Box D$,$ E$,$ or F below. Check only one box. If more than one box applies for your long$],[$separate Form $8949,$ page $2,$ for each applicable box. If you have more long$-$term transactions than will fit$],[$boxes$,$ complete as many forms with the same box checked as you need.$],[($D$)$ Long$-$term transactions reported on Form$($s$)1099-B$ showing basis was reported to the IRS $($see$],[($E$)$ Long$-$term transactions reported on Form$($s$)1099-B$ showing basis wasn't reported to the IRS$],[($F$)$ Long$-$term transactions not reported to you on Form $1099-B$