Hello,
I'm a US citizen but lived in the UK for 10 years. In Nov 2016 we bought a home in the UK. In September 2019 I was sent back to the US on a secondment for work. We expected to return to the UK so didn't sell the home. Due to covid I remained in the US and my secondment was extended to 2023. We decided then to sell the UK home which we rented from Sept 2019-June 2023. We sold it in June 2023.
Because I was relocated for work reasons, and I have a letter detailing the conditions of my secondment and that I was still employed by the UK office, can I ask for a partial exemption as we, unfortunately, sold it a bit too l ate to qualify for the two years in residence during last 5 years.
What proof do I need to provide and what forms should I use? And can Turbo Tax help me with this exclusion and calculation? Or should I see a tax professional as it relates to international sales, too.
Thank you!
