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Get your taxes done using TurboTax
Thank you. One other thing I should have mentioned is we will have military orders to move for me and my dependents. We COULD choose to stay but are not required to. The military will pay for our move back to my home state.
I'm thinking this is a gray area at worst.
Page 6:
Other Facts and Circumstances
Even if your situation doesn’t match any of the standard
requirements described above, you still may qualify for an
exception. You may qualify if you can demonstrate the pri-
mary reason for sale, based on facts and circumstances,
is work related, health related, or unforeseeable. Impor-
tant factors are:
• The situation causing the sale arose during the time
you owned and used your property as your residence.
• You sold your home not long after the situation arose.
• You couldn’t have reasonably anticipated the situation
when you bought the home.
• You began to experience significant financial difficulty
maintaining the home.
• The home became significantly less suitable as a
main home for you and your family for a specific reason.
I believe there are qualifying reasons that one could argue based on the above "Other Facts and Circumstances" but it is my thought that this will be unnecessary due to having orders to move. Thoughts?