Yes. You will be able to exclude part or all of the gain. Receiving unemployment is one of the “safe harbor” tests:
- Change of health
- Death, divorce, or legal separation
- Multiple births (twins, triplets, etc.)
- Change in place (more than 50 miles) of employment
- Receiving unemployment benefits
- Change in employment leaving you unable to pay mortgage of basic living expenses
- Other
Refer to Unforeseen Events in IRS Publication 523 (2019), Selling Your Home.
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