Get your taxes done using TurboTax

Thank you so much ! The answers in this thread are so helpful and clear. Thanks for the link also. I saw the estimate calculator there for "partial exclusion" so that is a super tool to know for next year. 


We have homestead exemption in both our names, the land deed only had my name. The county told us the deed needs to be fixed when they came to do apraisal and we have that in process. 

 

We have proof 50-50% that we each paid a fair share for the house. 

For example framing: 40k, she paid 20k and I paid 20k and so on with dated copies of cashed checks. 

 

I did not realize the deed needed to be updated..... but your reply made me understand what the county notice was telling us!

 

Thank you so much to all 3 of you for taking of your time to help us. We sure wish we had not built our forever home but then job-life-change just happens. We were always saying " at least 10 years in our dream home". They say that is life..looks like I have to just learn to roll with it.