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Deductions & credits
For a work related move you would be eligible for a partial exclusion on any gains from the sale of your home if you have not lived and owned the home for two years.
Go to IRS Publication 523 page 6 the partial exclusion requirements - https://www.irs.gov/pub/irs-pdf/p523.pdf#page=6
For example if you lived in and owed the home for one year and your filing status is Single the partial exclusion would be $250,000 * 12/24 = $125,000
‎June 19, 2023
7:41 AM