BillM223
Expert Alumni

Deductions & credits

"Filling out the form it is showing we had a taxable capital gain of 114,885." and "it says I don’t owe taxes "

 

OK, which is it? You have a taxable capital gain or you don't owe any taxes?

 

And is it possible that you both haven't lived in the house for at least two of the previous 5 years?

 

Is it possible that you did not live in the house for the last 5 years because of military orders?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"