11-30-2021 04:13 PM
I'm trying to record the sale of a primary residence plus farm land. The property was a total of 75 acres with 70 allocated to the farm and 5 acres allocated to the home.
I can't find anything that addresses these circumstances directly. The link below describes how to reduce the gain exclusion by number of days lived in the residence.
Any idea to indicate the above scenario in Lacerte?