Yes, but maybe not all. Even though you did not live in you home for 2 years you can still qualify for partial exclusion from capital gains.
The reduced exclusion when you haven't owned and lived in you home for 2 or past 5 years is available if you sold your home early due to a change of employment, or a change in health, or because of other unforseen circumstances, such as divorce.
You can figure your exclusion by this formula:
Time (months) you lived in house Divided by 24 months Times $250,000.
For example 18 / 24 * $250,000 = $187,500 exclusion.
Yes, but maybe not all. Even though you did not live in you home for 2 years you can still qualify for partial exclusion from capital gains.
The reduced exclusion when you haven't owned and lived in you home for 2 or past 5 years is available if you sold your home early due to a change of employment, or a change in health, or because of other unforseen circumstances, such as divorce.
You can figure your exclusion by this formula:
Time (months) you lived in house Divided by 24 months Times $250,000.
For example 18 / 24 * $250,000 = $187,500 exclusion.