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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 127513

JABoa writes (in part):

All is well for 5 years: if he sells he can take the full exclusion.

I reply:

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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