Section 121 exclusion - eligible to exclude $250,000 of gain($500,000 if Married filing joint) if you lived in the home for 2 out of the last 5 years.Depreciation recapture is required to be reported if the property was a rental since moving out.If the property was a secondary home, no depreciation was required to be reported.Work with an accountant ASAP if the property was a rental and you did not report depreciation.

Renter mentality if the money came to them they would be all over it.. since they have to do something and the money goes somewhere else its just not a priority I would guess.. and I also think a lot of these that did this will just up and leave when evictions start to happen..I know BP has super landlords whose collections seem to be better during covid than normal industry vacancy rates.

As I read IRS Publication 523 , I believe we qualify for a partial exclusion (not the full $500, 000 of tax exempt but at least for the time we were in the property): Work-Related Move You meet the requirements for a partial exclusion if any of the following events occurred during your time of owner- ship and residence in the home.

We then apply a multiplier, which depends on the industry, competitive profile, length of time in business and several other factors. 

I am reaching out to any and all who are in the industry and interested in an extremely ambitious student, hard worker, and I am willing to begin at any level in order to achieve my goals.

But that's not exactly industry standard, it may vary by lender.

You'll get most of that tax free under sec121 exclusion if you are single, or perhaps all of it if you are married. 

Floating offshore wind technology is still relatively new, but the industry has made significant progress in recent years.

@Ryan Baker It's great to hear your close to gaining your degree in the nursing field and wanting to dip your toe in the real estate industry!

I have been in real estate for about a year and a half now and I love this industry for so many reasons!