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New Member
posted Feb 28, 2025 8:40:41 AM

Primary residence 2006-2020, then it was rental 2020-2024. Sold property 05/2024. Where to find the principal residence exemption calculation on the capital gains?

We owned the house for total of 14 years, of which it was a rental for 4 of those years. I do not want to pay capital gains on the full 14 year gain. Bought for 180, sold for 450

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2 Replies
Moderator
Feb 28, 2025 5:01:31 PM

Are you using TurboTax Desktop or TurboTax Online? 

 

New Member
Feb 28, 2025 5:59:14 PM

Yes using Turbo Tax online