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smart realtor.  s(he) is correct. while normally the HSE can only be used once every two years, there is a partial exclusion available if the reason for the sale is a change in job locations.  your situation should present no problems for Turbotax.

 

formula for exclusion

1) $500,000

2) number of days or months used as principal residence

3) number of  days or months at least one of you owned it

4) smaller of 2 or 3

5) number of days or months between this home sale and last home sale

6) smaller of 4 or 5

7) divide line 6 by 730 if using days or 24 if using months (should be less than 1.000)

😎 exclusion  line 1 times line 7 

 

 

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