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Level 3
March 28, 2021
Question

Thinking of selling my home how long due I have before buying another one.

  • March 28, 2021
  • 7 replies
  • 21 views

How long do I have before I must buy another one. I read 2 years, 5 years.  

This topic has been closed for replies.

7 replies

qbteachmt
Level 15
March 28, 2021

You posted in a community for using ProSeries programs.

You seem to be lost on the internet.

You’ve come to a Peer User community for Intuit Tax Preparation products supporting tax preparation professionals using ProSeries, Proconnect and Lacerte , and you may be looking for support as an individual taxpayer. Please visit the TurboTax Help site for support.

Thanks.

 

Don't yell at us; we're volunteers
qbteachmt
Level 15
March 28, 2021

I see you indicate you Prepare tax returns. You need to learn to use the IRS resources for your profession.

You can buy and sell as many homes as you want whenever you want.

Read the IRS regulation for Tax impacts:

https://www.irs.gov/taxtopics/tc701

And for Personal tax questions, Intuit's TurboTax resources are well organized by appropriate and specific topic. As are the IRS resources you should always reference.

Don't yell at us; we're volunteers
Level 10
March 28, 2021

I have seen some questions on here that surprised me, 

but this question from someone who is  a supposed tax preparer which indicates that they are unaware of a significant portion of tax law passed over 20 years ago boggles the mind.

qbteachmt
Level 15
March 28, 2021

"Don't believe everything you read on the internet."

 - Albert Einstein

Don't yell at us; we're volunteers
Just-Lisa-Now-
Intuit Community Champion
March 28, 2021
You dont have to buy another.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪