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The exclusion actually says that you have to live in the home for 2 out of the last five years to get the exclusion. If you did not live in the home for the 2 years, then you will pay capital gains taxes on the profit of the home.
When you enter your basis, make sure you add all of the improvements you can document that you made over the last 33 years.
Open (continue) your return in TurboTax. If you’re not sure you’re in your return, select the Take me to my return button.
If that does not work,try this:
The exclusion actually says that you have to live in the home for 2 out of the last five years to get the exclusion. If you did not live in the home for the 2 years, then you will pay capital gains taxes on the profit of the home.
When you enter your basis, make sure you add all of the improvements you can document that you made over the last 33 years.
Open (continue) your return in TurboTax. If you’re not sure you’re in your return, select the Take me to my return button.
If that does not work,try this:
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