Hello:
We do file jointly and have lived at the selling address more than 5 years and with the 500k we did sell the property for a higher amount than that amount being about 645k. Now would that be a gain and what can we apply towards that as we did pay off our remaining mortgage for our former home totally and where would we compute that and on the seller closing settlement we have amonts from for example title charges, escrow charges, commission for listing agent and selling agentgovt recording and transfer charges and we applied the remaining amount to purchasing our home in Oregon. We did also have our former place painted and put vinyl flooring also in several rooms. Again were would I go to to put in deductions to cut it down or what else can be computed. What listing would the deduction be listed up and how does turbo tax walk through all this.
