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Deductions & credits
Do you have a local tax professional that you trust?
Make an appointment and have pro forma 2024 tax return prepared to see how your tax return will be impacted by the sale of your former home. Then you will be able to plan accordingly.
It does not sound like you would qualify for the sale of home exclusion because you did not live in the home for two of the last five years before the sale. See also this.
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‎April 8, 2024
9:35 AM