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Partial Exclusion on home sale recording keeping
Hello,
My husband and I are selling our home after living in it for 16 months. He lost his job back in August 2021 and from aug-dec he ubered to try to make ends meet - but it did not. However we had to pull two 401k loans out to cover our expenses and as of Dec 31 he has been unemployed and we have sold one of our cars (with negative equity). Based on our financial debt we can no longer afford the home.
I wanted to know if we would still qualify for the partial exclusion bc of the Change in Employment point under unforseeable events. And what types of documentation we need to keep to support it.
Thank you
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‎February 28, 2022
7:27 PM