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As military family when selling my home, can the capital gains be exempt? Am I eligible for period of suspension?
We are military and we bought our home and lived in it for 1 year and 7 months. We moved to another state due to military and have not lived in the home since then. We rented it the house out from June 2006 to December 2017. We did not rent it in 2018 and sold it in May 2018. Will we be able to receive capital gain exemption due to period of suspension? how do we enter in turbo tax?
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‎June 1, 2019
8:53 AM