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Can I get a house exemption if I lives there for 1.5 years and then kept it empty and used some other home as primary residence?

 
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4 Replies
Hal_Al
Level 15

Can I get a house exemption if I lives there for 1.5 years and then kept it empty and used some other home as primary residence?

Simple answer: No.  You must both own and live in the house for a full two years.

 

There are exceptions, most notably if you had to move for employment or health reasons. But, there are also "other unforeseeable circumstances".  

 

References:

https://www.journalofaccountancy.com/issues/2009/nov/20091783.html

https://www.nolo.com/legal-encyclopedia/the-partial-home-sale-tax-exclusion-irs-approved-unforeseen-...

 

TomD8
Level 15

Can I get a house exemption if I lives there for 1.5 years and then kept it empty and used some other home as primary residence?

Exceptions do not apply to a property not used as a principal residence.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

Can I get a house exemption if I lives there for 1.5 years and then kept it empty and used some other home as primary residence?

how long has it been empty? why did you move?  the answers to these questions will help us provide advice on whether or not you qualify for a partial exemption

Can I get a house exemption if I lives there for 1.5 years and then kept it empty and used some other home as primary residence?

If you moved out early due to one of the qualifying events listed in publication 523, you might qualify for a partial exclusion.  It is not required that you sell immediately to use the partial exclusion.

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