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We lost our primary home in a fire and used our vacation home as a primay residence for almost a year. Any impact on capital gains from sale of vacation home?
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We lost our primary home in a fire and used our vacation home as a primay residence for almost a year. Any impact on capital gains from sale of vacation home?
Your vacation home would have to have been your primary residence for two of the last five years to qualify for the Home Sale Exclusion.
Here's how to enter the sale of your Vacation Home:
https://ttlc.intuit.com/replies/4241480
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