We are selling our home (lived there 20 + years) via installment method. If this is subject to the $250k exclusion, do we have to report anything on the return.
We are selling our home (lived there 20 + years) via installment method. If this is subject to the $250k exclusion, do we have to report anything on the return.
The sale can still be reported even if the gain is not taxable. TurboTax will walk you through the entry. See more information below: