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Home Sale before two years--extenuating circumstance

I bought a condo last year and then got married and moved/bought a house this year. 

Normally I would pay capital gains tax, but a) I gained two stepdaughters and the condo was a two bedroom and b) the condo is a 55 and over community, and I could not move in a 44 year old wife and a 13 and 17 year old, as it would break the contract/covenant. 
So I have extenuating circumstances as per IRS rules. 

My question is, will TurboTax let me choose that exclusion (is there a selectable option in the software at that point in taxes for "extenuating circumstance"), or does the software not provide that option? I would prefer to keep using TurboTax, but I won't be able to if I can't choose this option using the system. 

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2 Replies

Home Sale before two years--extenuating circumstance


@Davidmancuso wrote:

.... will TurboTax let me choose that exclusion (is there a selectable option....


The interview section will walk you through this option.

 

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Home Sale before two years--extenuating circumstance

Perfect. Thank you!

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