Retirement tax questions


@tinatoth wrote:

Further investigate shows that Turbo tax is not using the Section 121 exclusion. How do I get that to engage?

 


It depends how you answered the questions in the program for selling the home.

Did you live in the home you sold for at least two years (24 months) in the five year period from the date of sale?  Answer Yes if this is true.

If married did your spouse live in the home for at least two years (24 months) in the five year period from the date of sale?  Answer Yes if this is true.

 

Did you sell another main home less than two years before the date you sold this home?

Answer NO if you did not.

[Edited]