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Sale of Primary Home

ZZZzzz
Level 2

Sale of Home Worksheet.  Sale of primary home after 18 months.  Single person. Owns and occupies.  Unforeseen circumstances.  Divorce.   Where is the calculation for Line 29a?  The current box shows zero.

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TaxGuyBill
Level 15

@ZZZzzz wrote:

Lines 8-14:  All NO except 11,13,14 blank.  

 


Line 9.  It asks you if you want to use the Exclusion.  If you say no, it won't calculate the exclusion because you said you don't want it.

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6 Comments 6
TaxGuyBill
Level 15

Have you filled in Lines 20-28?

Have you checked if all of the proper boxes are checked in Lines 8-14?  Be sure to look for the errors for missed entries.

 

BobKamman
Level 15

Is there a gain after sellng expenses?

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ZZZzzz
Level 2

Lines 8-14:  All NO except 11,13,14 blank.  

Line 20A, 21:YES   Line 23(a)(b)(c):18   Lines 24-28:blank.

Calculation works if I answer YES to no previous use of exclusion in last 24 months.  But, it is more beneficial to use the Unforeseen Circumstances option and save the 24 month exclusion.

There is a gain on the sale.

 

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ZZZzzz
Level 2

Yes

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TaxGuyBill
Level 15

@ZZZzzz wrote:

Lines 8-14:  All NO except 11,13,14 blank.  

 


Line 9.  It asks you if you want to use the Exclusion.  If you say no, it won't calculate the exclusion because you said you don't want it.

ZZZzzz
Level 2

What was I thinking????????????????????