Thanks for prompt response.
When entering the sale in Turbo Tax it asks if I have taken an exclusion within the past 2 years and if I have it says I can't take another. If I say no this year when I put in the land sale I'll have to say yes next year when I try to enter the house sale. I tried this by telling TTax I sold the house in 2019 and that I had taken an exclusion in 2018. TTax then told me I didn't qualify. Is there something I'm missing in TTax?
Alternately, since there was no 1099-S for the house, according to IRS rules, I shouldn't have to ever report it all. What if I took an exclusion for the lot now in 2019 and then didn't report the house sale at all on next year's taxes? Would that be an appropriate way to handle it? Since both properties together fit well within the dollar limit and do, in fact, both qualify for the exclusion this would produce a fair result but I don't know if it would be the best, or even a good, way to do it. Is there a better way? And yes, by the way, the lot was used only for personal use and as an extension of our yard.
