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Subject:  One more time! Please help!! Date:  2/26/2001  4:39 PM
Author:  TREXFOOL Number:  47234 of 127616

I have an unusual situation. 3 years ago I had to move from my home because of a job change. I had lived in the home approximately 15 months. I still have not sold the home as it is more of a commercial area and should bring a good price.

I moved and built anothe home that took 18 months to build. My companies business took a downturn and I lost my job. I found another job and had to move again. The second house sold after I owned it for only 3 or 4 months. I made money on the second house but probably only 1/4 make on the original house.

Here is my question. Given the exclusion of taxes for living in ahome 2 years and selling and the clause that pro rates the exclusion if you have to move because of a job change. What should I do? Do I take the exclusion on the second house and risk the larger profits of the first? Am I entitled to exclusion on both?

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