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Get your taxes done using TurboTax
Because the sale was less than five years after you bought the house but more than three years after you move out, you fall into a gray area and I do not know the answer. The exclusion was not created to benefit landlords of rental property, it was created to benefit homeowners. My concern would be that you waited too long to sell for the sale to be considered the result of an unforeseeable financial hardship. I agree with the recommendation to get a professional opinion.
‎November 4, 2022
3:33 PM