Thank you for your response. I think I understand the particulars.
I spoke with online help as well this week, and they made the same points you did, but with the chance to talk to them directly I think I understood more.
I do have a remaining question , assuming I am supplying, when I file, the property closing statement (also known as a 1099S) and a detailed list of expenses incurred to effectuate the sale and the home improvements made to the property over my residence there as best I could, given that actual receipts and computer records were lost in the fire. I have posted them to my account here but need to be assured by the online help that I have done that correctly. The question is how long do I have to purchase a new home to avoid a capital gains tax. The closing on the property was 12/19/2024 , the fire a month before. Do I have a year to purchase another property?
