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Deductions & credits
So my taxable income at the end of every year is around $25,000. I sold the home for $500,000. I owed $164,000 on that home. I cleared around $308,000. I immediately purchased another home for $273,000. I lived in the 1st home for 5 years and was my primary residence. I am a widow so I'd fall under the single status.
‎July 24, 2023
11:27 AM