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Updated 5 months ago,

User Stats

56
Posts
20
Votes
Jason V.
  • Mississippi
20
Votes |
56
Posts

Section 121 gains exclusion reported on what IRS forms if home was rental for 2 yrs??

Jason V.
  • Mississippi
Posted

It's my understanding that if there's a "partial exclusion", I'd use a Form 8949 with Code H...

And if it's "fully excluded" and there's no 1099-S issued (which I indeed received no 1099-S), then I'd simply not mention it at all.

But my biggest question is.... How do I determine if my being used as a rental for 2 out of past 5 years makes it fully or partially excluded?!?

Much thanks appreciated!!

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