Filing for the sale of our long-term primary residence after buying a new residence the previous year

[NRDW]

We bought a new house and paid cash in June of 2021 but did not move in until Oct. of 2021.  We did not sell our old house until June of 2022.  I have reported the sale of our old house as our primary residence. Is that correct? Now I am to the point of reporting property taxes. We paid property taxes for both houses.  Do I combine the taxes in the primary home box? We spent the whole time between buying the new house and selling the old house either downsizing and moving or working on the old and/or new house.

[MarilynG1]

Yes, enter the total Property Taxes you paid on both homes.  You can claim Property Taxes on all real estate you own.

Yes, when you entered your Home Sale and qualified for the Home Sale Exclusion, TurboTax may have told you don't need to report the sale to the IRS (unless you received a 1099-S or exceeded the exclusion amount). 

@NRDW 

[NRDW]

Thank you!

[Mike9241]

I have reported the sale of our old house as our primary residence. to be eligible for the home sale exclusion it had to be owned by one of you for any 2 years (any 730 days) in the 5 years before the sale and for the full $500,000 exclusion you both must have occupied it as your principal residence for any 2 years (any 730 days) in the 5 years before the sale.  also, the home sale exclusion can not have been used within 2 years of the sale of this residence.   

[NRDW]

We definitely met those requirements.  We owned that house for 22 years.