jh5623
New Member

I sold a home just shy of 2 years due to loss of job and bought new home to reduce payment, is there a way to exclude the gain on home sold?

Owned home for 23 months.  Lost job 8/5/16 and closed on sold home and new home on 11/17/16.  Sold home to reduce my monthly mortgage payment due to job loss.  I thought there was an ability to exclude the capital gains in my case.