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Deductions & credits
Did you enter it as a Sale of a Home or did you enter it in the investment section?
When asked if it was used for anything other than your primary home, this is asking about after you turned it into your primary home, not prior. So, you would say No (if you used it as your primary home and did not rent it out after May of 2021)
Then when you say no, you will be asked if you sold another main home in the last 2 years. If you did not, then you would answer no and you would then on the next screen be told Good News, you don't have to pay any income tax (or it would be reduced if the gain on the home was above the $250k (single) or $500(Married Filing Joint) threshold.
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‎February 28, 2024
12:27 PM