naiomi82
New Member

Capital gain exclusion

I have owned my home for 8 months if I was to loose my job and have to relocate to a different state for work  can I be excluded from paying capital gains taxes??   I paid 285k I owe 183 k I put it 20k in remodeling I wanted to stay for 2 yrs but afraid my job will be cut. I'm in new york state.