Anonymous
Not applicable

Deductions & credits

you say you purchased in in 2012 and used it as your primary residence since then.  if you were to move out today and wait to sell until 1/01/2022 (actually even later depending on the date you bought it in 2012) you would be entitled to the full $250,000 exclusion barring any change in the tax laws.  the rules are you must own and occupy as your primary residence for 2 out of 5 years before sale.  the 2 years do not have to be consecutive nor does it have to be your primary residence on the date you sell.     

 

if you sold on 01/01/2022  the 5 year period would be 1/1/17 through 12/31/2021.     from 1/1/17 to today 11/14/19 is more than 2 years so you meet the occupancy and ownership tests.  the reason for sale is irrelevant since you qualify for the full exclusion.