Hi,
We purchased a condo few years back and we lived in that condo for 1 year. When we purchased I was jobless and was looking for a job and found a job after we moved. My new job was 22 miles away from our condo location. Although the job location was just at a 45 mins driving distance away from the condo, it took up to 1.5 hrs to commute one-way because of the peak hours. I was commuting everyday to my work location and during this time I was expecting a baby. So the entire pregnancy I commuted but thought I won't be able to leave the baby at daycare or nanny at/near my home and go to work which will take up to 1.5 hrs to come home in case there is any emergency.
So we decided to rent the condo and move out. We rented an apartment near my job location. After more than a year, we decided to buy a house and sell the condo. So we first bought a house and then sold the condo.
My question is - do we qualify for capital tax gains exemption?
