Date: Sun, 26 Jun 2005
I have lived in my home for 17 months. I was just told my division of my employer company will be closing December 31, 2005, and I will be unemployed. I want to sell my home now, during the booming summer market. Will I be eligible to claim the exclusion of gain from the sale of my residence?
Date: Fri, 01 Jul 2005
This should qualify as an "unforeseen circumstance." Remember the exclusion is reduced when you haven't lived in the home for more than two years.
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