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Financial Planning / Tax Strategies


Subject:  Re: One more time! Please help!! Date:  2/26/2001  8:16 PM
Author:  Crosenfield Number:  47261 of 127753

If I'm wrong someonee will correct, but I don't think you are entitled to an exclusion on either.
For an exclusion the house must have been your principal residence for 2 of the preceding 5 years.
The first house was your residence for 15 months. The second you only owned for 3-4 months.
Neither was your principal residence for 2 years.
Therefore, I don't believe you qualify.
Best wishes, Chris
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