Can I get a house exemption if I lives there for 1.5 years and then kept it empty and used some other home as primary residence?

Forum|Forum|4 years ago
December 7, 2021
4 replies
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TurboTax Online

Hal_Al

Level 15

Simple answer: No. You must both own and live in the house for a full two years.

There are exceptions, most notably if you had to move for employment or health reasons. But, there are also "other unforeseeable circumstances".

References:

https://www.journalofaccountancy.com/issues/2009/nov/20091783.html

https://www.nolo.com/legal-encyclopedia/the-partial-home-sale-tax-exclusion-irs-approved-unforeseen-circumstances.html

TomD8

Alumni - Champ

Exceptions do not apply to a property not used as a principal residence.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

Mike9241

Level 15

how long has it been empty? why did you move? the answers to these questions will help us provide advice on whether or not you qualify for a partial exemption

Mike9241

Opus 17

Level 15

If you moved out early due to one of the qualifying events listed in publication 523, you might qualify for a partial exclusion. It is not required that you sell immediately to use the partial exclusion.