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Deductions & credits
I'm not sure what you are reading that, but that is incorrect.
Only your MAIN Home qualifies for the $250,000/$500,000 exclusion. Second homes do not qualify, and therefore it must be reported if there is a gain, and the gain is subject to income tax.
Only your MAIN Home qualifies for the $250,000/$500,000 exclusion. Second homes do not qualify, and therefore it must be reported if there is a gain, and the gain is subject to income tax.
‎June 3, 2019
10:31 AM