Deductions & credits


@djfunk wrote:

What if you have owned the home for 10 years, lived in it for the first 7, relocated due to job and rented it out for 3 years and 2 months before selling, can you still get a pro rated exclusion? 


 

Yes, you can use the Reduced Maximum Exclusion if the circumstances of your job change while the house was your Principal Residence (assuming you meet the rules about the job change, such as the 50 mile rule).

 

https://www.law.cornell.edu/cfr/text/26/1.121-3