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TurboTax is saying that we do not qualify for an exclusion of the gain on sale of our primary home, which we purchased 2019 and lived in until we sold in 2022?

I believe this is an issue with the software itself - any ideas how to resolve?
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2 Replies
GeorgeM777
Expert Alumni

TurboTax is saying that we do not qualify for an exclusion of the gain on sale of our primary home, which we purchased 2019 and lived in until we sold in 2022?

Assuming you satisfy the ownership and use test, did you exclude the gain from any primary home sale during the two-year period prior to the sale of your home in 2022?  If yes, you would not be eligible for the capital gain exclusion.

 

Some additional information may be helpful.  At the screen Time You Lived in Your Home did you select Yes?

At the screen Another Home Sale, did you select No?

 

@jerryhinton

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TurboTax is saying that we do not qualify for an exclusion of the gain on sale of our primary home, which we purchased 2019 and lived in until we sold in 2022?

Thanks - I'd answered the questions all this way previously, but when I went back through again it prompted that the gain was not taxable (as expected). 

 

All good on this now - thanks!

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