Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago,
Capital Gains Unforeseen Circumstances
We bought our 2 bedroom Apt about 18 months ago, and to our surprise, my wife became pregnant with our second child. In addition, my job role changed requiring me to work more from home, which makes it nearly impossible with the two kids in a 2 bedroom apartment. We are in contract to sell our apt, but we will still be shy of the 2 years for capital gain exclusions. Would this qualify us for the unforeseen circumstances for capital gains exemptions?
If so, what documentation or proof do I need to provide? Simply a letter from my employer requiring our change job description?
Thanks beforehand