Real Estate
Sponsored by

tax question from sale of home

849 Views | 2 Replies | Last: 8 mo ago by Stan Crowch
ForeverAg
How long do you want to ignore this user?
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
How long do you want to ignore this user?
AG
Turbotax asks all the questions necessary to confirm exclusion
Stan Crowch
How long do you want to ignore this user?
AG
If you can exclude all the gains and you didn't receive a 1099-S you don't need to report anything.
Refresh
Page 1 of 1
 
×
subscribe Verify your student status
See Subscription Benefits
Trial only available to users who have never subscribed or participated in a previous trial.