P1 N
P2 N
P3 ~
P5 N
P6 N
P7 N
P8 N
P9 N
Z1 1
|
+ P1 - N \ + P1 - Y \ ? P1
+ P2 - N \ + P2 - Y \ ? P2
+ P3 - ~ \ + P3 - Y \ + P3 - S \ + P3 - B \ ? P3
+ P5 - N \ + P5 - Y \ ? P5
+ P6 - N \ + P6 - Y \ ? P6
+ P7 - N \ + P7 - Y \ ? P7
+ P8 - N \ + P8 - Y \ ? P8
+ P9 - N \ + P9 - Y \ ? P9
+ PPRI - PEXS ^ P06		  ' LINE 7
+ P06 - PBAS ^ P08		   ' LINE 9
+ 1 ^ TP1                            ' TEST TO COMPLETE PART III & IV
+ P08 - 1 < ^ TP1
+ P1 - N = + P9 - Y = ^ TP1
+ 125 000.00 * TP1 ^ P14	     ' LINE 16
+ Z1 - 3 = + P14 / 2 ^ P14
+ P14 - P08 > + P08 ^ P14
+ P14 < ^ P14
+ P3 - ~ = ^ P14
+ P5 - N = ^ P14
+ P6 - N = ^ P14
+ P08 - P14 * TP1 ^ P15	      ' LINE 17
+ P15 = ^ TP1
+ P1 - N = + P7 - N = + P15 ^ D02    ' SCH D LINE 2
+ P1 - N = + P7 - Y = + P15 ^ D10    ' SCH D LINE 10
+ P1 - N = ^ TP1                     ' TEST TO COMPLETE PART IV
+ P14 + PEXP * TP1 ^ P17	     ' LINE 19
+ P06 - P17 * TP1 ^ P18	      ' LINE 20
+ P18 - PCST ^ P20		   ' LINE 22
+ P20 < ^ P20
+ P20 ^ P21			  ' LINE 23
+ P20 - P15 > + P15 * TP1 ^ P21
+ P15 - P21 * TP1 ^ P22	      ' LINE 24
+ PCST - P22 * TP1 ^ P23	     ' LINE 25
+ TP1 > + P7 - N = + P21 ^ D02       ' SCH D LINE 2
+ TP1 > + P7 - Y = + P21 ^ D10       ' SCH D LINE 10
+ P8 - Y = + P14 + P22 ^ L15         ' TRANS LINES 16 AND 24 TO 6252 LINE 15
+ P8 - Y = ^ D02
+ P8 - Y = ^ D10
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R ~68
S ('Y' OR 'N')
^
S Did you own your home more than one year
R .33
S <P7>
B P7
^ 
S Are you reporting this sale on the installment method?
R .19
S <P8>
B P8
^ 
R -80
^ 
S PART I - GENERAL INFORMATION
R ~52
^
S ~2  Have you bought or built a new main home?
R .28
S <P1>
B P1
^ 
S ~3  Is any part of either main home rented out or used for business?
R .5
S <P2>
B P2
^ 
R -80
^ 
S PART II - GAIN ON SALE
R ~58
^ 
S ~4  Selling price of home
R .34
S [PPRI]! 4 !
C PPRI
^ 
S ~5  Expense of sale
R .40
S [PEXS]! 5 !
C PEXS
^ 
S ~6  Amount realized. Subtract line 5 from 4
R .22
S ! 6 !
T P06
^ 
S ~7  Basis of home sold
R .37
S [PBAS]! 7 !
C PBAS
^ 
S ~8  Gain on sale. Subtract line 7 from 6
R .25
S ! 8 !
T P08
^
S ~~~! Is line 8 ! -Yes-> If line 2 is "Yes"` you must go to Part III or Part IV`~
^
S ~~~! more than !
R ~8
S whichever applies. If line 2 is "No"` go to line 9.
R ~5
^
S ~~~! zero?
R ~5
S ! -No--> Stop and attach this form to your return.
R ~15
^
S ~9  If you haven't replaced your home` do you plan to do so
R ~21
^ 
R ~4
S within the replacement period?
R .39
S <P9>
B P9
^ 
R ~4
S * If 'Y' stop here`
R ~57
^ 
R ~4
S * If 'N' go to Part III or IV
R ~47
^ 
R -80
^ 
S PART III - ONE-TIME EXCLUSION OF GAIN FOR PEOPLE AGE 55 OR OLDER
R ~16
^
R ~4
S Do you elect to take the one-time exclusion?
R .25
S <P6>
B P6
^ 
S 10  Who was 55 or older on date of sale` you 'Y'` spouse 'S' or both 'B'.<P3>
B P3
^
S 11  Did the person who was 55 or older own and use the property for
R ~13
^
R ~4
S a total of at least 3 years of the 5-year period before the sale?
R ~11
^
R ~4
S If "No", go to Part IV now
R .43
S <P5>
B P5
^ 
S 14  Exclusion. Enter the smaller of line 8 or $125`000 (62`500 if
R ~15
^
R ~4
S married filing a separate return)
R .23
S (FL1)!14 !
T P14
^
R -80
^ 
S PART IV - ADJUSTED SALES PRICE` TAXABLE GAIN` AND ADJUSTED BASIS OF NEW HOME
R ~4
^
S 15  Subtract line 14 from 8
R .33
S (FD1)!15 !
T P15
^
R ~4
S * If line 15 is zero` stop here.
R ~44
^
R ~4
S * If line 15 is more than zero and line 2 is 'Y'` go to line 16
R ~13
^
R ~4
S * If you are reporting this sale on the installment method`
R ~17
^ 
R ~6
S stop here.
R ~64
^ 
R ~4
S * All others` stop and enter the amount from line 15 on
R ~21
^
R ~6
S Schedule D` col. (g)` line 4 or 12.
R ~39
^
S 16  Fixing-up expenses
R .37
S [PEXP]!16 !
C PEXP
^
S 17  Add lines 14 and 16
R .42
S !17 !
T P17
^
S 18  Adjusted sales price. Subtract line 17 from 6
R .16
S !18 !
T P18
^
S 19b Cost of new home
R .39
S [PCST]!19b!
C PCST
^ 
S 20  Subtract line 19b from 18. If zero or less` enter -0-
R .8
S !20 !
T P20
^
S 21  Taxable gain. Enter the smaller of line 15 or 20
R .8
S (FD1)!21 !
T P21
^
R ~4
S * If line 21 is zero` go to line 22
R ~41
^
R ~4
S * If you are reporting this sale on the installment method`
R ~17
^ 
R ~6
S go to line 22.
R ~60
^ 
R ~4
S * All others` enter the amount from line 21 on Schedule D`
R ~18
^
R ~6
S col.(g)` line 4 or 12.
R ~52
^
S 22  Postponed gain. Subtract line 21 from 15
R .16
S (FL1)!22 !
T P22
^
S 23  Adjusted basis of new home. Subtract line 22 from 19b
R .8
S !23 !
T P23
^
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