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Updated almost 4 years ago on . Most recent reply

User Stats

13
Posts
6
Votes
Justin Johnson
  • Real Estate Agent
  • Lexington, KY
6
Votes |
13
Posts

Selling primary residence before 2 years

Justin Johnson
  • Real Estate Agent
  • Lexington, KY
Posted

I’m trying to sell my home before the 24 month mark (I’m at 20 months) the profit is between 30-40k. My tax guy said that there is an exemption to the 2-year rule, but I can’t find it anywhere. Are you all aware of a Kentucky tax exemption (first time selling a home)?

Any guidance will be greatly appreciated!

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