Exclusion of Gain from sale of Principal Residence
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New Member

Exclusion of Gain from sale of Principal Residence

I bought this principal home on 7/30/10 and on 1/1/2012, I moved to a different state because of changing of employment.  In 2012, I rented the home out.  In 2017, I sold the house.  1) I didn't receive a 1099-S, sale price is below $250K. Do I need to report this sale on the tax return? 2) If so, Do I qualify for exclusion of the capital gain?

2 Replies
New Member

Exclusion of Gain from sale of Principal Residence

Yes, you will have to enter it as part of the rental property interview.  If you lived in the house less than 2 of the last 5 years before selling, it would be a pure rental property sale and would not qualify for an exclusion.

New Member

Exclusion of Gain from sale of Principal Residence

Thanks for your response.  Do I qualify for the partial exclusion of gain because it's work related move?
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