https://ttlc.intuit.com/community/taxes/discussion/re-i-need-help/01/1985606#M988154 <P><SPAN>If you have a capital gain from the sale of your main home, you may qualify to exclude up to $250,000 of that gain from your income, or up to $500,000 of that gain if you file a joint return with your spouse.&nbsp;</SPAN><A title="Publication 523, Selling Your Home" href="https://www.irs.gov/publications/p523" target="_blank" rel="noopener">Publication 523, Selling Your Home</A><SPAN>&nbsp;provides rules and worksheets.&nbsp;</SPAN><A title="Topic No. 409" href="https://www.irs.gov/taxtopics/tc409" target="_blank" rel="noopener">Topic No. 409</A><SPAN>&nbsp;covers general capital gain and loss information.</SPAN></P><P><SPAN>If you sold the home in 2019 and reported it, you do not need to report it again in 2020.</SPAN></P> Thu, 25 Feb 2021 01:30:33 GMT Delose12 2021-02-25T01:30:33Z https://ttlc.intuit.com/community/taxes/discussion/i-need-help/01/1961209#M988152 Sun, 21 Feb 2021 01:00:30 GMT https://ttlc.intuit.com/community/taxes/discussion/i-need-help/01/1961209#M988152 Brat8014 2021-02-21T01:00:30Z https://ttlc.intuit.com/community/taxes/discussion/re-i-need-help/01/1973640#M988153 <P>Turbo tax said I need home business for sale oif home but they sold me 2019 when I am filing 2020</P> Tue, 23 Feb 2021 02:43:35 GMT https://ttlc.intuit.com/community/taxes/discussion/re-i-need-help/01/1973640#M988153 mihalem 2021-02-23T02:43:35Z https://ttlc.intuit.com/community/taxes/discussion/re-i-need-help/01/1985606#M988154 <P><SPAN>If you have a capital gain from the sale of your main home, you may qualify to exclude up to $250,000 of that gain from your income, or up to $500,000 of that gain if you file a joint return with your spouse.&nbsp;</SPAN><A title="Publication 523, Selling Your Home" href="https://www.irs.gov/publications/p523" target="_blank" rel="noopener">Publication 523, Selling Your Home</A><SPAN>&nbsp;provides rules and worksheets.&nbsp;</SPAN><A title="Topic No. 409" href="https://www.irs.gov/taxtopics/tc409" target="_blank" rel="noopener">Topic No. 409</A><SPAN>&nbsp;covers general capital gain and loss information.</SPAN></P><P><SPAN>If you sold the home in 2019 and reported it, you do not need to report it again in 2020.</SPAN></P> Thu, 25 Feb 2021 01:30:33 GMT https://ttlc.intuit.com/community/taxes/discussion/re-i-need-help/01/1985606#M988154 Delose12 2021-02-25T01:30:33Z