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February 3, 2022
Question

The home sale exclusion (up to $500,000) isn't working. Anyone else have this problem - and a fix?

  • February 3, 2022
  • 1 reply
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1 reply

JohnB5677
February 3, 2022

The $500,00 exclusion is for Married Filing Jointly.  The exclusion for a Single taxpayer or couples filing Married Filing Separate is $250,000. 

 

If you are filing Married Filing Jointly, and you didn't get the $500,000, I suggest that you go through the interview again.  For example, if you had a home office, it could affect the exclusion.

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