- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Sale of primary residence "don't qualify for the exclusion"
I sold a house in 2024, that was my primary residence until 2022, and then I rented it out for two years.
TT asked if I lived in it for 24 months since October 16 2019, and I answered "yes", it asked for depreciation, and I entered the amount I depreciated while renting out.
On the next screen it says I don't qualify for exclusion, and owe $75k in taxes :(
Why is that??? It does not even provide any explanation, just says I don't qualify and that's it :(((
March 1, 2025
4:24 PM