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Get your taxes done using TurboTax
Thanks for the prompt response.
The property we sold in TX in 2023 had a capital gain of appr. 400k where my wife stayed for 11 years and I stayed for 5 years. The condo I plan to sell in VA this year (2024) is estimated to have a gain of 80k. I have stayed in this condo for 6 years now. The total will be 480k, less than 500k. It seems to OK, right?
May 5, 2024
6:00 PM