- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
@DaveF1006 wrote: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.
There is no need to own it for 5 years. You only need to own it for 2 years.
March 15, 2021
11:48 AM