MinhT1
Employee Tax Expert

Investors & landlords

If you sell your home in 2022, you would have lived in it for more than 2 years in the 5 years preceding the sale, so you will be eligible the capital gain exemption on the sale of your home of up to $500,000 as you are filing jointly.

 

Yes, you can use TurboTax Premier to report the sale of the home as the sale of a rental home, but there will be questions in the TurboTax interview to determine your eligibility for the exemption.

 

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