@KrisD15 Both homes were sold in 2024 (sorry for confusion, I have edited original post). One around Jan and the other around July. Both have similar capital gains, home 1 about 90K home 2 about 120K. I thought second home would also qualify for deduction since it was sold due to job change.
In TT if I enter both homes in sale of main home section and for the second home I enter the information it seems to also take the deduction. Then when I work on the disposition of the asset questionary it asks me if I want to work on the Home sale worksheet for the sale of the rental and ask which of the 2. Then I select the rental and it just seems to modify the worksheet by asking me to allocate land and actual home. So, two follow up questions:
3- is this the correct way to enter the information (especially for the rental)
4- are you sure both homes don’t qualify for exclusion since second home was sold due to special circumstances (changing job)? TT seems to suggest they do, unless I’m entering info incorrectly. Also I have seen other posts that suggest a second home would qualify under special circumstances like this one.
appreciate clarification. Thanks in advance
