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mtmo24
New Member

If I sell my home because my girlfriend is starting grad school and needed to move closer (225 miles away) will I have to pay capital gains? I have lived in my primary address for 11 months

 
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Hal_Al
Level 15

If I sell my home because my girlfriend is starting grad school and needed to move closer (225 miles away) will I have to pay capital gains? I have lived in my primary address for 11 months

Yes.  Your girl friend moving for school is not an exception to the 2 year rule. 

Reference: https://www.thebalance.com/sale-of-your-home-3193496

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7 Replies
JohnW222
Expert Alumni

If I sell my home because my girlfriend is starting grad school and needed to move closer (225 miles away) will I have to pay capital gains? I have lived in my primary address for 11 months

Depending on how long you actually owned the home and whether or not you have a gain on the home sale, you may.

Please see the TurboTax Help article Tax Aspects of Home Ownership: Selling a Homefor more information. 

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Hal_Al
Level 15

If I sell my home because my girlfriend is starting grad school and needed to move closer (225 miles away) will I have to pay capital gains? I have lived in my primary address for 11 months

Yes.  Your girl friend moving for school is not an exception to the 2 year rule. 

Reference: https://www.thebalance.com/sale-of-your-home-3193496

mtmo24
New Member

If I sell my home because my girlfriend is starting grad school and needed to move closer (225 miles away) will I have to pay capital gains? I have lived in my primary address for 11 months

Is there any way around it, besides buying another home?

Hal_Al
Level 15

If I sell my home because my girlfriend is starting grad school and needed to move closer (225 miles away) will I have to pay capital gains? I have lived in my primary address for 11 months

Get a job in the new town and call it an employment change. You would have to leave the job in the old town.  Buying a new house now longer qualifies for the postponement of the gain.  That went out when the  current rule came in.

mtmo24
New Member

If I sell my home because my girlfriend is starting grad school and needed to move closer (225 miles away) will I have to pay capital gains? I have lived in my primary address for 11 months

I work from home full time. If I keep my same job but have a new duty station (new home address 225 miles away) does that qualify?

Hal_Al
Level 15

If I sell my home because my girlfriend is starting grad school and needed to move closer (225 miles away) will I have to pay capital gains? I have lived in my primary address for 11 months

No.

mtmo24
New Member

If I sell my home because my girlfriend is starting grad school and needed to move closer (225 miles away) will I have to pay capital gains? I have lived in my primary address for 11 months

Ok. Thank you for your help.

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