You'll need to sign in or create an account to connect with an expert.
Unfortunately, you do not meet the look-back requirement as stated below from IRS Publication 523. You can only take the exclusion once in a 2-year period.
Determine whether you meet the look-back requirement.
If you didn't sell another home during the 2-year period before the date of sale (or, if you did sell another home during this period, but didn't take an exclusion of the gain earned from it), you meet the look-back requirement. You may take the exclusion only once during a 2-year period.
https://www.irs.gov/publications/p523#en_US_2018_publink10008998
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
GFL4
Returning Member
Eudoro
New Member
Naples2020
Returning Member
StackerP
New Member
UncleBobsNiece
Level 2