Does anyone have a fix for selling your home and it's not calculating the tax free profit? I made approximately $200K, but it's saying I don't qualify?
Does anyone have a fix for selling your home and it's not calculating the tax free profit? I made approximately $200K, but it's saying I don't qualify?
Did you live in and owned the home for at least two years in the five year period on the date of sale?
Did you sell another home less than two years from the date of sale of the current home?
Go back through the sale of home section and review your answers -
Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Income using Home and Business) Click on I'll choose what I work on (if shown) Scroll down to Less Common Income On Sale of Home (gain or loss), click the start or update button