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Get your taxes done using TurboTax
Will this reason to move qualify for another partial exclusion?
No. See IRS Publication 523 page 3 at https://www.irs.gov/pub/irs-pdf/p523.pdf
Eligibility Step 4—Look-Back
Determine whether you meet the look-back require-
ment. If you didn't sell another home during the 2-year
period before the date of sale (or, if you did sell another
home during this period, but didn't take an exclusion of the
gain earned from it), you meet the look-back requirement.
You may take the exclusion only once during a 2-year pe-
riod.
Now, don't stop reading the above in the pub either. Keep reading through page 6 to see if you meet any of the exceptions that you haven't made us aware of here.
February 27, 2022
5:43 PM