@themadanimator wrote:
I do show a Capital loss carryover (line 14) of -$81,047 and a net long term loss of -$35,017 (line 15). Is this what is cancelling out the gain? Thank you for your repsonse!
Yes, that is what is cancelling out the gain. So when those losses are being carried forward to next year, they will be reduced by the $50,000-ish from gain from the house.
