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I had a home built in Virginia in January of 2021 and then, due to a series of unexpected life events, sold it in June of 2021 for a profit of 70k.

Thank you for your service. In addition to checking on the benefits available to military personnel, as Ira suggested, I would also suggest that you check IRS Pub 523 https://www.irs.gov/pub/irs-pdf/p523.pdf Depending on what the unexpected life events were, the sale of your home may qualify for a partial exemption on the Federal level. If you lived in the house for 5 months while you owned it, and qualify for a partial exemption, as a single person, you would be able to exclude $52k of your profit from capital gains taxes. If you are married, a partial exemption of 5 months would allow you to exclude $104k

AJ
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