MayaD
Expert Alumni

After you file

No, you don't pay back the money. Did you sell your primary home?

If your amended return is showing no refund and no amount due, it is because the sale of your house didn't affect your original return.

If you owned and lived in the place for two of the five years before the sale, then up to $250,000 of profit is tax-free. If you are married and file a joint return, the tax-free amount doubles to $500,000.

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