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Get your taxes done using TurboTax
Oh boy, does this mean I will be taxed on capital gains on this property I'm selling in May 2023 fully because I sold my prior one in July 2021? Even if I lived here for 2 years and I'm moving out of state for a new job?
I did go through the IRS exercise that @JulieS posted prior to posting this and I did not interpret the moving out of state for a new job as being only a qualifier for the residency time criterion. Can someone point to where it says that the look-back disqualification stops me from applying a partial exclusion if I am moving for a new job?
‎January 24, 2023
7:39 AM