pk
Level 15
Level 15

Deductions & credits

@Terraitup  while agreeing with @Anonymous_  and @rjs  on what you cannot do ( and indeed answers your question ), all is not lost.  The old law was replaced  with I would think a more beneficial one .

Now when you sell your main residence -- 1. if you ( at least one of you in case of filing joint filer ) have owned this property for two years;  2.  you  ( both of you in case of joint filers ) have used this property as your main residence/ home for a total of 730 days  in the last 5 years ( from the date of sale )  --- you can exclude ( from federal taxes ) gains of  up to  250,000 ( 500,000 for joint filers ) .  You are allowed to have this exclusion once every two years ( + one day ).

Once you tell TurboTax that  you have sold  your main  residence, it should walk you through the process and make this  exclusion  available.

 

Is there more I can do for you ?