Question
Gain on Sale from Primary Residence - How to Exclude
Taxpayer received a 1099-S for their primary residence.
Have lived in the property for 2/5 years, and file jointly.
In ProSeries, I entered it on the home sale worksheet.
A schedule D AND an 8949 are being generated from ProSeries, and while the exclusion is being applied and there is no tax on the gain, is this approach the correct method? Should I have both a Sch D and 8949?
