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Sale of Home Unforeseeable Circumstance- Can you do multiple exclusions in back to back fiscal years?
If we took 100% exclusion of House A in 2021, can we take another exclusion for House B in 2022 due an unforeseeable circumstance-divorce? OR do we have to only pick one?
I see there is a look-back rule where only one exclusion every 2 years but I wasn't sure if because we meet the requirements of an exception that allows us to have partial exclusion if that unforeseeable circumstance overrides the look-back rule.
March 16, 2022
12:01 PM