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Deductions & credits
Thanks. Quick question though. I put in a large sale price just to see what turbo tax would do if it calculated a gain. But the gain I input wasn't more than $500k exclusion. The gain was $74k. I answered all the questions in TurboTax correctly, i.e., we lived in home 2 of the last 5 years, we didn't sale another home, etc. All the questions I answered would exclude the gain, but Turbo Tax still says I don't qualify the the exclusion. It makes no sense. I have used Turbo Tax forever, but so far this year, it is not making sense at all.
‎December 28, 2020
10:30 PM