Sold a home in 2016, I lived in it for three years. In 2016 it was a rental home, how do I find out if I'm paying capitol gains on it? Why does it add it to my income?

spongebob014 · ‎June 1, 2019

PatriciaV · ‎June 1, 2019

It depends. If this was your primary residence for two of the last five years and you haven't sold a home in the last two years, the sale of your home may not be taxable or reportable.

You might wish to review your entries under Sale of Home to verify your entries.

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Sold a home in 2016, I lived in it for three years. In 2016 it was a rental home, how do I find out if I'm paying capitol gains on it? Why does it add it to my income?

Sold a home in 2016, I lived in it for three years. In 2016 it was a rental home, how do I find out if I'm paying capitol gains on it? Why does it add it to my income?