Exclusion of profit on sale of primary home

[profloving]

I've read the IRS publication 253 and the TurboTax section on excluding the gain from selling a primary residence.

My mother-in-law sold her home in June of 2024 for $220,017. She bought the home in 2003 for$100,000. She lived in the home from 2003 to 2024. It was her primary residence. She did not have a home office and she did not conduct a business from her home.

TurboTax keeps telling me that the $99,000 must be included in her income. It does not exclude that amount even though my reading of IRS 253 and what TurboTax said about income exclusion means it falls under the $250,000 exclusion for gain from the sale of a primary home.

Does TurboTax have an error in its calculations for this income item? I can't process her taxes because it keeps adding the $99,000 to her income and takes her from a refund to having to pay thousands more.

[MaryK4]

No, TurboTax does not have an error in its calculations for the sale of a primary home.  You should go through the section for Sale of Home once more and make sure your entries are correct- look at adjusted cost basis and selling expenses.