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Deductions & credits
@Opus 17 wrote:
If you look at the examples given after the regulation in the link provided by @AmeliesUncle , you will see the examples are all focused on whether you moved because of a change in job location.
Yes, I have read those examples and I have noted that every one of them addresses relocating for one job; none mention relocating for the purposes of taking a second job.
Assuming nothing has changed with respect to a current job (or self-employment), such as a reduction in pay, working conditions, et al, then it is difficult to justify invoking the safe harbor to reduce or eliminate capital gains tax on the sale.
May 10, 2022
10:16 AM
1,348 Views