Hi All -
I got an inquiry about the home sale exclusion. This person left his
primary residence 3.5 years ago for a new job in another location -
more than 50 miles away. Based on Publication 523 it looks like he's
eligible for a partial exclusion.
But I couldn't find details on that, and in particular how to calculate
the partial exclusion. I assume that it will the number of months he
lived there in the last five years over 24, but that's not specified in
Publication 523, and I couldn't easily find it in any place
Am I wrong?
- posted 7 months ago