04-17-2019, 06:10 PM
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Sage
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Join Date: Feb 2016
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Quote:
Originally Posted by maureenod
If you sold your house January 2017, you would already have taken the exemption in your 2017 tax return. Now you want to sell the home you bought in 2017. Since it is now 2 years, you are eligible for another $250 exemption for your 2019 tax return. It is unlikely that you made a profit in two years, taking into account any improvements and broker fees, closing costs.
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The $250K exemption woild only apply if the house was her primary residence for 2 years.
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