- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
I understand that they seem to leave it open for special circumstances, but I would really like a safe haven guarantee when looking at a potential 5 figure capital gains bill. Especially since the only evidence or unique circumstances is gonna be my gas receipts for my poor gas mileage van…
So hypothetically, who would qualify for the second safe haven bullet point of “no previous work location” to get the flat 50 mile rule? Someone who has never had a job while living at that residence? You’re saying someone could have a month of work after buying the house, followed by 18 months of unemployment leading up to a sale and move for work, then they would technically have a previous work location and would have to be 50 mile farther than that last job?
Only reason I am questioning or challenging you on this is because someone else commented that my 1 month of unemployment would put me under the second bullet point safe haven of no previous work location.