I am trying to understand the tax implications of my home sale and whether I qualify to exclude a portion of that gain. Below is the timeline:
5/30/15: purchased home for $212,000 and used as primary residence
4/15/17: moved due to work re-location (specifically, military change of station)
5/1/17: began renting house to tenants
4/9/20: tenants lease ended
4/11/20: sold home for $269,900
Note that while I moved for a “valid” reason (change of employment >50 miles away), I did not technically sell the house at that point, it was sold a few years later. Had I not ever been forced to move though, I would have planned to stay in that house.
