TaxGuyBill
Level 15
03-16-2021
12:25 PM
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Was there a TAXABLE gain for the 2017 home? Or was all of the gain eligible for the $250,000/$500,000 exclusion?
If the entire gain was eligible to be excluded, there was no need to report the sale on the Federal return.
If there was a taxable gain, then 2017 should be amended to report that gain.