Person sells home after living in home for 14 months. Person saids home was sold because she had a heart operation (She is 72) and she was very ill and the home was to big for her to maintain and clean in her condition. When she moved into the home she was in good health, heart problems happened 12 months after she moved into the new home. Home was about 2000 sq feet in addition to big yard. She sells home and buys 1000 sq. ft. condo that will require much less house work and maintenance. Would this qualify as an unforeseen circumstances in order to able to exclude some of the profit from capital gains?
- posted
19 years ago