I closed on my current home on August 28th, 2017 for a price of $321,000. I am now thinking of selling that home and believe I can sell it for $365,000. Would I be responsible for paying capital gains on the net gain from the sale?
You'll need to sign in or create an account to connect with an expert.
Yes, the exclusion only applies if you live in the house 2 of the last 5 years.
Yes, the exclusion only applies if you live in the house 2 of the last 5 years.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Davesilb
Level 2
ja19584
New Member
saalves2424
New Member
zwalochi
New Member
NTFS
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.