From:  Susan
Date:  Tue, 07 Nov 2006

Hi,

We moved 2,000 miles from our home town two years ago because of employment. We were building our principal residence, but never lived in it. Will we qualify for any exclusion on the sale?

Thank you,
Susan

Answer

Date:  22 Nov 2006

Hello Susan,

Since you never lived in the residence, it won't qualify as a principal residence and no exclusion will be allowed.

Good luck!
Mike Gray

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