Selling a house

Forum|Forum|4 years ago
June 8, 2022
1 reply
17 views

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?

AR_CPA

Level 4

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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Selling a house

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