The next part is a slight stress relief,  with Houston being a hot market right now the average time on the market for homes in the area is 27 days. 

It's my hobby or my stress relief if you can believe it.

Such actual knowledge or reasonable cause to believe shall be determined in accordance with that division.(10) Comply with the rights of tenants under the Service members Civil Relief Act, 117 Stat. 2835, 50 U.S.C.

@Kofi QuayeYes thanks to the Taxpayer Relief Act of 1997 the qualified first-time home-buyer exception, up to $10,00 applies to both traditional and Roth IRAs.

With supply limited and no relief in sight prices will keep pushing up as long as demand oupaces supply.

One of my tenants expressed relief when I switched the rent account to mine at BofA instead of the more obscure bank my property manager banked with because she had a branch right outside work.I am very lenient with my tenants on timing.

Oliver, the closing date is what controls the date of sale for tax purposes.I don’t know if Treasury will issue regulations providing relief for people in your situation, but I would plan based on what you know and not hoped for relief.

However, it is not uncommon for the Treasury Department to issue Regulations providing some relief. 

The net sales price is net of closing costs but before debt relief. 

However, what changes have CA made to be align with the Federal changes to actually provide tax relief to the residents of CA?