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Deductions & credits
If you lived in the home for two of the last five years prior to the sale, you would qualify for the Home Sale Exclusion.
If not, it would be reported as the Sale of a Second Home and be subject to Capital Gains.
Here's more info on the Home Sale Exclusion:
https://ttlc.intuit.com/replies/3300213
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‎June 1, 2019
1:13 PM