JulieS
Expert Alumni

Deductions & credits

Yes, it sounds like you would be eligible to exclude the gain on the sale of your current home as long as you move at least 50 miles closer to your new work location. 

 

If you have been taking the home office deduction, you may have to recapture any depreciation you took when you sell it. 

 

As far as what happens if the new job doesn't work out, that would not affect the exclusion of the gain, but you will not be able to exclude gain on the new home for at least two years. 

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