patambron
New Member

Home Sale - Electing the exclusion for sale of my home

I lived in my house for 4 years and then sold it in 2017 - I don't know how to answer the question being posed.  Did I acquire this home in a like-kind (section 1031) exchange and sell it within 5 years after acquiring ?

I don't know what this means and don't understand if I should answer Yes or No.