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Investors & landlords
@AravM wrote:February 2017. Then, I had to leave the United States due to a change in my visa status and a job loss. I rented my primary house in June 2018
No, for two reasons.
One, the sale of the residence is nowhere near the time when you had to move out for unforeseen circumstances. If you had immediately put it up for sale, then it would qualify.
Two, even if you did meet the criteria for unforseen circumstances, the prorated maximum exclusion is based on the number of days it was your Principal Residence in the last five years. It was never your Principal Residence within the last five years, so the prorated exclusion would be $0.
‎January 13, 2025
12:50 PM