Hal_Al
Level 15

Deductions & credits

Q. Will I still owe tax on my capital gains?

A.  No. Selling for a job change (minimum 50 mile move) qualifies as an exception to the 2 year rule.

 

The "partial exclusion"  is actually a "reduced maximum exclusion".  Since you're not expecting a major gain, you should be able to exclude the entire gain up $208,000 (20/24 x 250,000 = 208,000).