Hello and thanks for trusting me to help you today. I am a tax adviser with over 15 years of experience.
You will be allowed to use your exclusion on gain form selling your main home.
Because you used your property as your main home for at least 2 out of the last 5 years
you are allowed to exclude than gain (up to $250,000 if you are single).
You are not even required to report the sale unless you receive a 1099S.
Did you need me to clarify any of the info?
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Thank you Robin that's all I needed. Thanks for your time.
I am so glad you could see the answer.
Your positive rating is always thanks enough.
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