moving
Returning Member

Deductions & credits

We purchased our primary home in November 2020 and have lived in it since then. My wife and I have been working from home as independent contractors since the pandemic started.  I have now been offered a new job about 75 miles away and we are seriously considering accepting it because of the benefits. If I accept the new job, the home sale will take place before the 24 months provision period(approximately 18 months after closing date).  My wife and I know that there will most likely be a gain from the sale, which we understand can be "partially " excluded because the new job is more than 50 miles away from our primary home.

 

However, my wife asked me a question I couldn't find the answer for.  What happens if the  new job doesn't work out? What if after a while things change and we have to return to the same area we were before?