Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- Industry Discussions
- :
- Tax Talk
- :
- Gain on Sale of home
Gain on Sale of home
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
Kellie1
Level 1
04-09-2022
08:45 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
MFJ owned the home 1 year 8 months and had to move for spouses job. They lived in the house the entire time with no business use or rental activity. I am using ProConnect and it is not calculating a partial exemption of the gains. Have a missed something?
1 Comment 1
margowalkercpa
Level 3
04-12-2022
12:44 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Did you fill in the "Reduced Maximum Exclusion Worksheet" section of the sale of home worksheet? It starts at line 20 and has entries for the number of days (of months if check box for months is marked). These entries will calculate the reduced maximum exclusion for you.
