qbteachmt
Level 15
‎03-16-2023 06:50 PM

See this: https://www.irs.gov/publications/p523

partial exclusion...unforeseeable event

"you may still qualify for a partial exclusion of gain. You can meet the requirements for a partial exclusion if the main reason for your home sale was a change in workplace location, a health issue, or an unforeseeable event."

"Unforeseeable Events

You meet the standard requirements if any of the following events occurred during the time you owned and lived in the home you sold.

  • Your home was destroyed or condemned.

  • Your home suffered a casualty loss because of a natural or man-made disaster or an act of terrorism. (It doesn’t matter whether the loss is deductible on your tax return.)

  • You, your spouse, a co-owner of the home, or anyone else for whom the home was his or her residence:

    1. Died;"

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