mccormickgc
Returning Member

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.