Ultry135
Returning Member

Deductions & credits

I’m trying to understand the dollar amount possibly I have to pay this year.  We made about 100k on our home since we purchased 6 years ago. Is the 25% tax based on these gains? 


If so it doesn’t make sense taking a home office deduction to lose this much with a sale of a primary home. Or do we still fall under the allowable gains of 500k when we sold our primary home.