No sale of a previous primary residence within 2 years. Taxable income less than 2K, on SSI. Property not used for a rental or home office. Filing single. I thought it was excluded up to $250,000.
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Yes, from the information above, you should not be getting taxed. You may have entered the home sale as an investment versus a personal residence home sale.
To enter your personal residence home sale, open (continue) your return in TurboTax. If you’re not sure you’re in your return, click the orange Take me to my return button.
You won’t pay taxes on the first $250,000 (also known as a gain) you make from the sale of your home. If you file jointly, you won’t pay taxes on the first $500,000.
That income is free and clear as long as:
When you sell a second home, the tax situation is different. Here's that info.
Related Information:
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