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January 26, 2022
Question

Partial sale tax exemption less than 2yrs

  • January 26, 2022
  • 1 reply
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Bought a home and lived in less than 2yrs. Had to move overseas for military job and sell the house. Where and what form do we fill out for this specific circumstance? 

    1 reply

    ColeenD3
    January 26, 2022

    You would report this in Sale of Home. You will be asked questions to see if you qualify for a partial exclusion.

    • Click on Federal Taxes (Personal using Home and Business)
    • Click on Wages and Income (Personal Income using Home and Business)
    • Click on I'll choose what I work on
    • Scroll down to Less Common Income
    • On Sale of Home (gain or loss), click the start or update button

    Please see this LINK for more information.