turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I sold a house in 2018 I owned for 15 years. I usually make less than 38k a year. Is this profit considered a long term capital gains at 0%?

 
This feature is pending. Thanks for your patience.
Didn't get the answer you wanted? Our digital assistant can help you.
1 Reply
JulieCo
New Member

I sold a house in 2018 I owned for 15 years. I usually make less than 38k a year. Is this profit considered a long term capital gains at 0%?

It depends.  If the home sale was of your primary home, any gain could more than likely be excluded through the provisions below.  But, if this was a second home (and not one rented out), then the gain is a long term capital gain.  The rate will depend upon your income on your return.

Home sale and whether taxable:

https://ttlc.intuit.com/replies/3300213

Below are steps to enter a sale of a second home:

https://ttlc.intuit.com/replies/4241480



message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies
v