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Level 4
March 1, 2023
Question

Home Sale

  • March 1, 2023
  • 1 reply
  • 11 views

Clients sold their home after living in it for 39 years.

On the home sale worksheet, I checked the home sales exclusion since the sale meets all requirements. The individual is single and the gain on sale is less than $250,000. The form is still calculating tax due on the sale. I don't understand why.

 

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1 reply

Jerry CAuthor
Level 4
March 1, 2023

resolved. ad to answer a question that i originally ignored.