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Updated over 2 years ago on . Most recent reply

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Joseph Goods
3
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3
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Moving for possible capital gains exclusion?

Joseph Goods
Posted

I’ve asked around and tried researching this and I don’t see a clear answer. Even asked a cpa and it seemed murky.

Has anyone ever been asked to move for work and needed to sell their home before the 2 year mark? Is there any sort of capital gains exclusion for that?


I live In the OC and have a condo I was planning on selling next March (that’s when the 2 year mark is for me) but my work (a non profit) is asking me if I can move to Santa Barbara to be closer to our office there. Does anyone know if there is any type of exclusion or way to not get hit hard with taxes? Sounds like I may just have to wait and that’s totally fine! Just trying to figure this out :)

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