Thank you.
The reason I mentioned I can claim any exclusion is we already will be claiming it for 2021. We sold a home in January that we also had just less than 2 years. There was 120K profit. So here we are again selling another primary home in 2021.
Not proud of it..
But ok thats a shame I can't deduct my "sweat". Even though it was the materials and labor that lead to the profit. Had I hired a contractor and paid him- the amount would certainly been deductible?? Not that I will go there..but what if someone owned a remodeling business..and did their own work? Hmm
