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Qualify for a Partial Exclusion of Gain for Sales of home
We lived in my house for 13months and sold the house because we felt It's not safe to live anymore.
We had wild fires and had multiple evacuation order and had to leave home few days each time.
Our house did not have direct dame. Fire stopped about 1mile from our house.
Even after the evacuation order is lifted. Air was hazardous for weeks.
We decide to sell the house and sold before 2 year of living.
Do I qualify for Partial Exclusion of Gain?
If we qualify, how do we report the reason on tax return.
Should I contact IRS?
Thank you
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‎February 5, 2024
10:52 AM