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How do I report the sale of a qualifying adjacent vacant lot when the sale of the lot took place in 2016 and the sale of the primacy residence took place in 2015?
The 2015 primary residence sale included some depreciation recapture and was reported on our 2015 return. The lot was adjacent and part of our primary residence. It sold within the two years after and sold for $50,000. The total was well under our $500,000 exclusion for joint filing. I just(?) need the technical steps to do the 2016 return.
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‎June 3, 2019
6:00 PM