Hi! We recently sold our primary home. The profit was far less than the $500,000 limit (married, filing jointly) and we meet the other requirements - lived in home for more than 2 years, etc. We received a 1099 S and when I enter the info in to Turbo Tax (Wages/Income, Less Common Income), it's adding a significant amount that we owe. I'm unclear why this is happening, since we should fall under the taxable limit. Any help is appreciated.
