Hello,
In 2022 I sold my primary residence of 10 years for 177k profit. Next to that home was land that I sold in 2023 for a profit of 161k that I also owned for 10 years. These were both purchased together by me at the same time in 2012. My question is a single file am I still eligible for the tax exemption up to 250k single file? I have a 1099s to file this year and not sure how to get exemption for up to the 250k. I do understand 177+161 is 338k-250=88k I'm at going to have to pay capital gains correct?
