Property was bought with a person whom I was never married too. All proceeds received by me.
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Yes. To qualify for the home sale exclusion, you needed to sell the condo within 3 years of moving out (you must have lived in the home at least 2 years of the 5 years prior to sale).
Job relocation is an exception to the 2 year rule. Your new job location must be at least 50 miles farther from the sold home than the old job location. You are entitled to a prorated amount of the $250,000 ($500,000 married) exclusion. Example : if you lived in the old home 438 days you could exclude up to 60% {438/(365x2)} or $150,000. The exception is allowed if the move was for employment or health reasons or "unforeseen circumstances".
Yes. To qualify for the home sale exclusion, you needed to sell the condo within 3 years of moving out (you must have lived in the home at least 2 years of the 5 years prior to sale).
Job relocation is an exception to the 2 year rule. Your new job location must be at least 50 miles farther from the sold home than the old job location. You are entitled to a prorated amount of the $250,000 ($500,000 married) exclusion. Example : if you lived in the old home 438 days you could exclude up to 60% {438/(365x2)} or $150,000. The exception is allowed if the move was for employment or health reasons or "unforeseen circumstances".
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