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Financial Planning / Tax Strategies
|Subject: Re: One more time! Please help!!||Date: 2/27/2001 10:24 AM|
|Author: Bob78164||Number: 47315 of 120419|
JABoa writes (in part):
All is well for 5 years: if he sells he can take the full exclusion.
All is well for three years, not five. After that point, the passage of time means that JBBoa has not lived in the house for two of the last five years.
I had not seen previous discussions on whether the qualifying time can be pro rated when it expires due to the passage of time, if the original move was due to a change in job location. My instinct is that it could not be pro rated, but I have nothing at all to back up that instinct. --Bob
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