Sale of home - exclusion

[JML222]

Hello,

A client is full-time military and being transferred. He and his spouse have owned and resided in their home for 18 months.

So they don't meet the ownership or use test for the exclusion of gain, would they qualify would he qualify for the exception due to military and change of base station?

TIA

[dkh · Accepted solution]

I think Section B of the Home Sale Worksheet may apply to your client's situation.   See Line 20

[Camp1040]

For a partial exclusion anyway, and with purchase and selling expenses and improvements calculated, the taxable amount hopefully will be manageable.