I assume this is the sale of your own home.
When you come to the screen titled, Time You Lived in Your Home?, the question is, "Did you live in the home sold for at least two years (24 months) since April 28, 2016?"
To exclude the gain on the home you must have lived in the home for 24 months during the five year period prior to the sale, this is why the question includes April 28, 2016 at the start of your five year period. So there must be another reason for a taxable gain.
Possible reasons for a taxable gain:
- You may have answered a question incorrectly, so please review the section.
- If you had depreciation on your home at some point, you will have to recapture the depreciation as ordinary gain. The exclusion does not apply the recaptured depreciation.
- Your gain is more than the allowed amount of the exclusion.
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