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Werewolfdad t1_iuidbfb wrote

If the sale occurs prior to you owning it for 24 months and you don’t qualify for the partial exclusion, yes, it is possible you’ll owe capital gains taxes

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SprayBubbly2506 OP t1_iuidrld wrote

Thank you! How do you qualify for the partial exclusion?

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Mashtatoes t1_iuif0zc wrote

Work related (moving at least 50 miles for a work related reason), health related (moving because of better health care elsewhere for an ongoing issue), unforeseeable events (divorce or death of spouse, destruction of your house, a few others).

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