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Investors & landlords
I didn't want to spill out my personal stuff on here but I guess it will be necessary. I was forced to move from this residence in 2013 in order to be closer to Children's Hospital for appointments for my son who was born with severe health complications. At that time, the property was upside down and I would have had to pay someone to take it. So I converted it to a rental and used my VA benefits to qualify to by the home near the hospital. 5 years later, I was laid off from my job. After my severance and unemployment benefits ran out, I was forced to sell my former residence in order to pay off bills that allow me to stay in my current home.
Both medical conditions and qualifying for unemployment are exceptions to the 24 month rule. So I don't see why I wouldn't qualify for exclusion to capital gains here?
Both medical conditions and qualifying for unemployment are exceptions to the 24 month rule. So I don't see why I wouldn't qualify for exclusion to capital gains here?
‎June 6, 2019
12:38 PM