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paj06
Returning Member

Selling a house

I bought my house one year ago in las Vegas nv but want to sell it because I started working in los angeles california 

And want to move and rent some things in

Los Angeles. Do I need to paid taxes for the capital gain because I don't have the 2 years living in the house?

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1 Reply
AR_CPA
Employee Tax Expert

Selling a house

Hello paj06,

Congratulations for your new job in Los Angeles!

There is an exception to the two-year rule for tax payers who sold early for a job-related move. So if you lived in the home one year instead of two, you're entitled to a percentage (in your case, 50%) of the exclusion amount. 

See this TurboTax similar situation

 

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