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Look Back requirement
I have a question about capital gains tax. July 2017 we bought a home and sold it May 2018 but did not gain anything on the sale (actually lost money). May 2018 we purchased another home and sold it in April 2020 for a profit after we remodeled it. We moved because my husband relocated to another state for his job. My question is do we qualify for the look back exemption? This is all new to me and would appreciate any help I can get:) I did file the sale of the home on my 2018 taxes.
Thanks
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‎February 2, 2021
1:26 PM