PattiF
Expert Alumni

Deductions & credits

You can take the partial exclusion based on the points described in the IRS section :

 

Other Facts and Circumstances

Even if your situation doesn’t match any of the standard requirements described above, you still may qualify for an exception. You may qualify if you can demonstrate the primary reason for sale, based on facts and circumstances, is work related, health related, or unforeseeable. Important factors are:

  • The situation causing the sale arose during the time you owned and used your property as your residence.
  • You sold your home not long after the situation arose.
  • You couldn’t have reasonably anticipated the situation when you bought the home.
  • You began to experience significant financial difficulty maintaining the home.
  • The home became significantly less suitable as a main home for you and your family for a specific reason.

Keep records of everything in case the IRS inquires about this. Your situation appears to qualify for the partial exclusion.

 

@craftymama 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"