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Moved for work more than 5 years ago

I own my property since 2000. Moved more than 5 years ago for work, however did not sell my primary home at that time, then all went south (covid hit etc..). 
I'm ready to sell now and buy one. Have I lost my capital gain exclusions completely? 

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3 Replies

Moved for work more than 5 years ago

Yes. while you will have owned the property for at least 2 out of the 5 years before the sale you fail the at least 2 out of 5 years before sale occupancy test. 

Moved for work more than 5 years ago

That's bad. Would any exceptions for other family members (parents, siblings?) still occuping it?

Vanessa A
Expert Alumni

Moved for work more than 5 years ago

No, you would have to occupy the home, not family members. 

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