Cavachon1
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I signed sellers closing documents today. I believe the closing agent will file a 1099-S, but TurboTax should apply section 121 exclusion and any capital gains ...
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Pk, Thank you for your reply. I’m not sure what you mean by the whole building must be transferred for this reg to apply. For clarification, it’s a single-famil...
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I was a resident in the home for all the years except for the last year 2024.
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the portion that was rented was half of the home with its own separate entrance and facilities – kitchenette and bathroom with shower.
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will I be able to apply the 250,000 IRS sales exclusion to the home or to only half of the home or the portion that was not rented?
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