@Vmmatch wrote:
Hi!
I owned my home for 14 months, sold my home, and moved to another state. I work remote and have the same job. Does the tax break for capital gains apply to me?
I also got a new second job in the new state, if the above situation didn’t qualify me will this new second job qualify me for the capital gains tax break?
The physical location of your work must change by more than 50 miles (your commute must be 50 miles longer than before).
If you work remotely for job 1 both before and after the move, your commute did not change and job 1 does not qualify you to claim the partial exclusion.
If job 2 is more than 50 miles from your old home, then job 2 would qualify you to claim the partial exclusion when you sold the old home. There is no specific time frame required in the law (for example, the law does not require you to have job 2 lined up before you sell the old home). However, if it was a very long time after the move that you took job 2, you might want to run the situation past a tax professional.
