Thank you so much for your help Dawn! So, I’ve seen where i get to that part and do that step but I'm confused on this page and how to answer. Do i answer yes or no because either way i answer even after entering in the military option it says we owe the capital gains tax, does that adjust later in the process? And either way I still need help on how to answer this question the correct way because i don't understand the lingo to be honest.
Member of Military or Foreign Service
If you didn't meet the two-out-of-five years rule because you were on active duty, you may be able to qualify using the special rules.
For every month that you were on qualifiedextended duty, you can extend the five-year period, up to a maximum of 10 additional years. This means that to qualify for the home sale exclusion you must live in the home for 24 months out of up to 15 years, depending on your length of extended duty.
Using these special rules, did you live in the home for at least 24 months during your qualifying period? |
