rg4613
New Member

Partial Exclusion on Sale of Home + Carryover Losses

Looking for help in the following scenario:

Bought house: Nov 2009

Moved out of house: Oct 2013 due to new job

Started Renting House: Oct 2013

Sold House: Jun 2018

 

Lived in house for 3 months in last 5 years, therefore eligible for partial exclusion of real estate gains.

After renting the house, losses have been carried over that are eligible to be realized with sale of house

 

Question is: Can I claim partial exclusion (from 3 month ownership in last 5 years) and carryover losses (from rental period) to calculate tax liability?