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Investors & landlords
@KrisD15 @regarding this part: “When entering the sale, the program asks if there was or will be a second sale within two years. Since you did sell both within two years, you would select "Yes" and continue. In this situation the program will not give you an exclusion to gain for both sales. ”
How do I answer that for Home 1 (the rental) it seems if I answer Yes and then again Yes for Home 2, the program does not give exclusion for any of the two. Do I answer no for Home 1 and then Yes for Home 2 (referring to the home I already got the exclusion)? If I understand correctly we should get full exclusion on home 1 and only partial exclusion on home 2 (due to sale due to job change)? Thanks
March 31, 2025
4:33 PM