https://ttlc.intuit.com/community/taxes/discussion/sale-of-primary-home/01/2790912#M1030831 <P>What is our tax liability % for the sale of our primary home in Texas where we have lived for 1 year?</P> Tue, 10 Mar 2026 07:04:12 GMT Debicanshop 2026-03-10T07:04:12Z https://ttlc.intuit.com/community/taxes/discussion/sale-of-primary-home/01/2790912#M1030831 <P>What is our tax liability % for the sale of our primary home in Texas where we have lived for 1 year?</P> Tue, 10 Mar 2026 07:04:12 GMT https://ttlc.intuit.com/community/taxes/discussion/sale-of-primary-home/01/2790912#M1030831 Debicanshop 2026-03-10T07:04:12Z https://ttlc.intuit.com/community/taxes/discussion/re-sale-of-primary-home/01/2791131#M1030832 <P>Hello&nbsp;<SPAN class="UserName lia-user-name lia-user-rank-Returning-Member lia-component-message-view-widget-author-username"><A id="link_6" class="lia-link-navigation lia-page-link lia-user-name-link" href="https://ttlc.intuit.com/community/user/viewprofilepage/user-id/5128125" target="_self" aria-label="View Profile of Debicanshop"><SPAN class="">Debicanshop!</SPAN></A></SPAN></P> <P>&nbsp;</P> <P><SPAN class="UserName lia-user-name lia-user-rank-Returning-Member lia-component-message-view-widget-author-username"><SPAN class="">We need more information to answer your question. However, here are general rules concerning sale of your home.&nbsp;</SPAN></SPAN></P> <P><SPAN class="UserName lia-user-name lia-user-rank-Returning-Member lia-component-message-view-widget-author-username"><SPAN class=""><A title="How does selling a home affect my taxes?" href="https://ttlc.intuit.com/turbotax-support/en-us/help-article/homeowner-tax-credits-deductions/buying-home-mean-taxes/L0Y1a06Yx_US_en_US" target="_self">https://ttlc.intuit.com/turbotax-support/en-us/help-article/homeowner-tax-credits-deductions/buying-home-mean-taxes/L0Y1a06Yx_US_en_US</A>&nbsp;</SPAN></SPAN></P> <P>&nbsp;</P> <P><SPAN class="UserName lia-user-name lia-user-rank-Returning-Member lia-component-message-view-widget-author-username"><SPAN class="">You will pay capital gain taxes on your home, if lived in less than 2 of the 5 years from the date of sale. This means you will not get the capital gain exclusion.</SPAN></SPAN></P> <P>&nbsp;</P> <P><SPAN class="UserName lia-user-name lia-user-rank-Returning-Member lia-component-message-view-widget-author-username"><SPAN class="">Hope this helps!</SPAN></SPAN></P> <P><SPAN class="UserName lia-user-name lia-user-rank-Returning-Member lia-component-message-view-widget-author-username"><SPAN class="">OpeA1</SPAN></SPAN></P> <P><SPAN>&nbsp;</SPAN></P> Wed, 16 Nov 2022 17:24:36 GMT https://ttlc.intuit.com/community/taxes/discussion/re-sale-of-primary-home/01/2791131#M1030832 OpeA1 2022-11-16T17:24:36Z