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dash8484
Returning Member

Need Capital Gains Exclusion Help

I sold a house after living in it for 13 months due to new employment in another state. I took a partial exemption to avoid capital gains. I bought another house in my new home state. It’s now been 2 years and 1 month. Can I sell my current primary residency without any capital gains?

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Anonymous
Not applicable

Need Capital Gains Exclusion Help

if its been 2 years or more since selling your previous residence, you qualify for the full exclsuon if you owned and occupied your new residence for at least two years. 

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