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tax question from sale of home

635 Views | 2 Replies | Last: 1 mo ago by Stan Crowch
ForeverAg
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AG
We are working through our taxes this week, and one area we are stuck at is the capital gains tax on the sale of a home. Over the last 5 years we lived in the home for two of them so we should still received the capital gains exclusion from the sale of the home though for we are a bit unsure how to do this through a TurboTax software. Should we take this to a CPA or is this something easy to solve?
AgResearch
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AG
Turbotax asks all the questions necessary to confirm exclusion
Stan Crowch
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AG
If you can exclude all the gains and you didn't receive a 1099-S you don't need to report anything.
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