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Teresa0
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  • Okay, maybe I am confused. We did not gain anything on the previous sale . So why can we not use it this time? We did not take an exclusion the first time becau...
    Teresa0
    1
    Updated Feb 02, 2021
  • I also saw this article on another website. Very confusing, but according to this it looks like we would qualify.Look-back — You may take the home sale exclusio...
    Teresa0
    Updated Feb 02, 2021
  • Okay, thanks for the answer. Another question maybe you can help. How does the capital gains tax work? Are you taxed a percentage on the amount of gain or is it...
    Teresa0
    3
    Updated Feb 02, 2021
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