http://www.stampcollectioninfo.com/used-off/
What form should be used to write off expenses from buying & selling a home? What expenses can be written off?
Last year I sold a condo and bought a house in PA. I am using the H&R block online progam, but am not sure what form to use and what expenses can be written off. Thank you for your help!
The exemption if you are married filing a joint return is $500,000, if you're single its $250,000. You had to have lived in it for 2 out of 5 years that you owned it to claim the exemption. Look at IRS Publication 523 for information on selling your home.
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