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Investors & landlords
Thanks @Critter-3 , I understand Turbo Tax will evaluate if I am qualified for full exemption of 250k (or 500k jointly) in case of primary residence for 2 years out of past 5.
My questions specifically is
- does turbo tax evaluate if am qualified for partial exemption? l lived in that primary house less than 2 years and had to relocate due to work.
My impression is Turbo Tax doesn't check if I meet partial exemption if the living period is less than 2 years. If my understanding is wrong, and turbo tax is able to evaluate if I meet partial exemption, what information will turbo tax ask to evaluate my eligibility? like comparing my new job start date and house sale date?
‎January 1, 2024
3:44 PM