I do have a very similar situation I bought a house and lived their with my wife for around 1 year but had to move due to losing my job and getting new job in another city which is more than 50 miles away, I rented the house for one year, hoping to come back but failed to find a job in that city, now I am thinking to sell it, do I qualify for Tax reduction or I will be pay ing the full profit gain amount? Appreciate your input and
thanks for the Post owner.
