I sold my primary residence 1 day shy of 2 years (didn't have choice). Any thing I can do? Didn't exceed $250,000 in profit but I don't think I qualify fo the exclusion.

moran-ryand · ‎January 28, 2020

DMarkM1 · ‎January 29, 2020

You say you had no choice which may help you qualify for partial exclusion of the gain. However, be sure you don't qualify, you can use days (730) or months (24) to figure the residence/ownership test. If you indeed are short, you can get a partial exclusion for reasons like, work related move, health related move, unforseeable events, or other facts and circumstance. Here is a link with more information.

Additionally, here is a link with information on how to use TurboTax for this situation including the partial exclusion. Don't overlook the choice of "other unforseen circumstances."

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

DMarkM1 · ‎January 29, 2020

You say you had no choice which may help you qualify for partial exclusion of the gain. However, be sure you don't qualify, you can use days (730) or months (24) to figure the residence/ownership test. If you indeed are short, you can get a partial exclusion for reasons like, work related move, health related move, unforseeable events, or other facts and circumstance. Here is a link with more information.

Additionally, here is a link with information on how to use TurboTax for this situation including the partial exclusion. Don't overlook the choice of "other unforseen circumstances."

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

I sold my primary residence 1 day shy of 2 years (didn't have choice). Any thing I can do? Didn't exceed $250,000 in profit but I don't think I qualify fo the exclusion.