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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?
‎June 24, 2019
3:44 PM