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March 28, 2025
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Should I list the total amount sold for a property when entering the amount in Other Income Taxed By Indiana?

  • March 28, 2025
  • 1 reply
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I sold my primary residence and moved to California mid-year
    Best answer by AmyC

    It depends.  Take a look at your actual IN return and federal return. Determine if any of the home sale was taxable and included in income.

    • If you did not qualify for any exclusions and paid tax on the entire sales amount, then yes, enter the full amount. This is rare.
    • Enter the taxable portion of the sale, if any, from your federal that is part of your IN return.
    •  If all of it was excluded, enter zero

    You are filling out a form for income being double taxed. 

    1 reply

    AmyC
    AmyCAnswer
    Employee
    March 28, 2025

    It depends.  Take a look at your actual IN return and federal return. Determine if any of the home sale was taxable and included in income.

    • If you did not qualify for any exclusions and paid tax on the entire sales amount, then yes, enter the full amount. This is rare.
    • Enter the taxable portion of the sale, if any, from your federal that is part of your IN return.
    •  If all of it was excluded, enter zero

    You are filling out a form for income being double taxed. 

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    raylynzAuthor
    March 28, 2025
    • I did qualify for the exemption and did not have to include the sale for Federal.   My concern was for the state taxes.   So since it was exempt on the federal, it's exempt for state as well?

    Thank you for your help.