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Get your taxes done using TurboTax
My mistake - sorry for the confusion.
I mean the $500,000 home exclusion.
I mistakenly thought it was a lifetime limit ( future....) - just realized you can do it on each house sale as long as you meet the criteria.
I want any capital gains to go against this vs paying tax on these Sec 1245 and 1250 gains. As I noted earlier, if I did not have a home office, any gain would go against the 500k. I want to pay tax on just the recaptures - not any other gain.
‎July 25, 2022
12:22 PM