SpartanHawk
Level 2

Question: Does home sale qualify for a Partial Exclusion of Gain for a work related move?

Details: Sam is active duty military and purchased a home in southern Florida on 21 NOV 2017 and lived there until it was rented out on 01 NOV 2019.  Sam left the area due to PCS orders to Tennessee.  The home remained a rental property until it was sold on SEP 2023.  Does Sam qualify for the partial exclusion of gain due to the PCS?

- Total Residence Time: 710 Days

- Total Ownership Time: 5 years, 9 months, 11 days excluding the end date

- Distance between work location and home >>>>>>50 Miles than old location

Thanks a bunch!!!

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