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Sale of Primary Home
I sold my house in 2019. I had spent 4 of the last 5 years in the house as my primary residence. When I add it into TurboTax, it tells me I must pay capital gains (or rather I "don't qualify for the exclusion of the capital gains"). I am no where near the max capital gains limit for filing jointly. I would like to add it in as it was a transaction for 2019 and I received a 1099S form. However, I do not want to pay taxes for something that I should not.
What is wrong with TurboTax in this situation.
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‎February 1, 2020
3:02 PM