Is the mortgage payoff to be included in the adjusted basis then? I don't think I'm calculating the adjusted basis correctly. And again, the capital gains are under the amount for a two people for a primary residence, but if I remove the payoff, Turbo Tax is telling me I owe $30 in capital gains tax. I've sold a primary residence before and never had to go through these steps, and I'm afraid it's just not making sense and maybe over my tax skill level. And I've worked in accounting and finance for over 20 years....
I don't mind reporting it, but it's complicated and I don't feel like the steps are well outlined for a layman. Attempted to get TurboTax Live help just have me going in circles.
I do appreciate the replies.
