Deductions & credits


@cinderl8t wrote:

Thanks..what if it was military orders that caused the move and we were in the house for less than two years.  What and how do we deal with that.


IRS Publication 523 Selling Your Home page  4 - https://www.irs.gov/pub/irs-pdf/p523.pdf#page=4

Service, Intelligence, and Peace Corps personnel. If you or your spouse are a member of the Uniformed Services or the Foreign Service, or an employee of the intelligence community in the United States, you may choose to suspend the 5-year test period for ownership and residence when you’re on qualified official extended duty.
This means you may be able to meet the 2-year residence test even if, because of your service, you didn’t actually live in your home for at least the 2 years during the 5-year period ending on the date of sale.

 

Review the section in the publication on page 4 - Qualified extended duty. You are on qualified extended duty if: