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Deductions & credits
Just a clarification: If you are Married, none of the gain would be taxable. If you are not, only $250,000 of the gain can be excluded. The rest would be taxable.
As a side note, there is a good chance that you have done improvements that would increase the basis. Roof, furnace, etc. would increase the basis.
As a side note, there is a good chance that you have done improvements that would increase the basis. Roof, furnace, etc. would increase the basis.
May 31, 2019
4:59 PM