topic Re: Technical Issue in Get your taxes done using TurboTax

Technical Issue

tdbcsimmons — Sat, 22 Feb 2020 19:12:26 GMT

Sold a home on 06/14/2019. When calculating the 24 months I have entered sale date as 06/14/2019 and original purchase date of 09/01/2014. Why is the program calculating 24 months (2 years) as 06/14/2014? We lived in the home full-time from 09/01/2014 till 06/14/2019 which is 4 years and 9 months. Can I just answer Yes even though the date is wrong in the program? Date should state 06/14/2017 NOT 06/14/2014.

Re: Technical Issue

AnnetteB6 — Sat, 22 Feb 2020 19:35:36 GMT

The date shown in the program is correct.

In order to qualify to exclude the gain from the sale of your main home, you must have lived in the home for 24 months out of the last 5 years. Therefore the cutoff date is 5 years previous to the sale of your home, or 6/14/2014. You must have lived in the home for 24 months (not necessarily consecutive) between 6/14/2014 and 6/14/2019. The wording on the screen is not as clear as it could be, but the information is correct.

Re: Technical Issue

tdbcsimmons — Mon, 24 Feb 2020 23:22:38 GMT

Thank you that makes sense now.