Home sale partial exclusion

[JohnL6]

Purchased home in 1998. Lived in the home for 13 years. Lost my job in January 2011. In April 2011 I found a private sector job overseas (more than 50 miles away). To cover costs we had to rent our home while overseas. I lost my overseas job and returned to USA in November 2021. The home was still rented when we returned, so we settled in a new location and then sold the home in April 2022.  Since my job circumstances required me to move overseas and then relocate, is there an opportunity to claim a partial exclusion to reduce capital gains.

[tagteam]

@Mike9241 

[Mike9241 · Accepted solution]

no exclusion is available in your situation. in your situation you converted what started out to be your personal residence to rental.  the rules for a job change (or any other) partial exclusion would require you to have owned and occupied it as your main home for some period in the 5 years before sale. you meet the ownership test but fail the occupancy test.  0 days occupied in the 5 years before sale. the smaller of the two is use so its 0. no home sale exclusion is available.