Originally purchased home in 2015.
We sold it in 2018. So it asked me for sale of the home ($145,445.19) and sales expenses ($103,346.40) so we profited $42,098.79.
So i proceed past that page and it takes me to "tell us about the purchase of your home."
And it asked me for the adjusted cost basis of your home and the date bought or acquired so I am guessing this was when I bought the home originally in June 2015. I bought the home that year for $96,000. But then after I click continue it says "no exclusion you have a loss on the sale of your home of $53,901. Personal loss are not deductible.
What am I doing wrong???
