DaveF1006
Expert Alumni

Deductions & credits

It depends.  I like to add more to what AmeliesUncle has just said. You mentioned you lived in the house for 2 years but have you owned at least 5 years before the date of the sale. If the answer is no, this may be the reason why you didn't qualify for the capital gains exclusion.

 

Also reread those questions carefully and if there were other considerations that AmeiliesUncle mentioned, then these are all reasons why you didn't qualify for the exclusion.

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