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Challenge #362: Capital Gains Tax when Selling a Home

mattbov92
8 - Asteroid

Spoiler

Louie-Horn
7 - Meteor
Spoiler
Screenshot 2025-05-27 155701.png

Erin
11 - Bolide

I admit, I had to get help from the posted solution for this. Taxes are hard.

Spoiler
362.png
mkeiffer
10 - Fireball
10 - Fireball

Here is my solution! 

Alesson_Oliveira
8 - Asteroid

my solution

Spoiler
Alesson_Oliveira_0-1752856622959.png

 

Salum0405
8 - Asteroid

Here's my solution

Spoiler
Salum0405_0-1753899250209.png

 

Will_Condon
8 - Asteroid

I'm not paying the solution amounts because they do not subtract the exclusion of Gains ($250k or $500k) from the taxable figure.  My accountant came up with a way to save on taxes.  I have Janet and Jerry White paying $136,000. Tell me where I went wrong.

 

If ever there is a reason to use a spreadsheet for this calculation, this is it.

 

Workflow:

Spoiler
Challenge 362 Solution WC Spoiler.jpg