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Level 2
posted Mar 16, 2022 12:01:41 PM

Sale of Home Unforeseeable Circumstance- Can you do multiple exclusions in back to back fiscal years?

If we took 100% exclusion of House A in 2021, can we take another exclusion for House B in 2022 due an unforeseeable circumstance-divorce? OR do we have to only pick one? 

 

I see there is a look-back rule where only one exclusion every 2 years but I wasn't sure if because we meet the requirements of an exception that allows us to have partial exclusion if that unforeseeable circumstance overrides the look-back rule.

0 2 378
2 Replies
Level 15
Mar 16, 2022 12:58:51 PM

A change in marital status would be an unforeseen event which would allow you to have a partial exclusion. 

Level 2
Mar 16, 2022 2:00:10 PM

Thanks @Bsch4477 ! To confirm I am allowed to take a full exclusion of House A in 2021 AND a partial exclusion of House B in 2022 due to the fact I qualify for one of the unforeseeable circumstances?