Hello,
my husband and I bought our first home in March of 2020. He got a new job and we are in the process of selling our home to relocate three hours away.
Being that we only lived here for 1.5 years I know we will have capital gains, but we are trying to research our exemption options.
How do we file exemptions for relocating for employment, and how much deduction is that for the total amount?
Are there any rules where we have to buy our next home in a certain amount of time to not pay the capital gains?
thanks!
