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Deductions & credits
Note that what you did with the proceeds of the sale is not relevant. if you meet the 2 of 5 year rule, you may exclude the capital gain, up to the limits.
In the "old days" there was a rule that you had to reinvest the money in a new home. That has not been the case since 1997.
‎August 11, 2020
5:16 AM