Sold Home
“I lived in my house for less than two years before having to move for a new job, do I still qualify for a partial capital gains tax exclusion?”
A partial capital gains exclusion can sometimes come up when a home is sold before the usual ownership and use pattern is met, and a job-related move is one of the factors that often affects the analysis. The answer typically depends on how long the home was owned and used as a main residence, whether the move was tied to a new job or work location, and how the timing and distance of the relocation fit the applicable rules. The details on the sale date, the move date, and any employer-related changes often matter in determining whether any exclusion is available. A focused session can map this against your actual situation in plain English.
In your 90-minute session, the KGOB advisor handling it will:
- Read your exact situation and tell you, in plain English, what’s actually going on.
- Lay out your options and the trade-offs — no jargon, no judgment.
- Give you a clear next step you can act on, whether that’s with us or on your own.
“I sold my primary home for a massive profit after living in it for exactly three years, how do I formally claim the capital gains exclusion on my tax return?”
“I made hundreds of thousands of dollars in massive home improvements over the years, how do I add these costs to my basis to lower my capital gains tax?”
“I received a 1099-S from the title company after selling my house, do I still have to report the sale to the IRS if all the profit is totally tax-free?”
“I am a military member and deployed overseas for three years, does the IRS suspend the five-year ownership test for the home sale exclusion while I am away?”
This page is a prompt to start a conversation, not tax or legal advice, and states no tax-law specifics as fact. A consult session does not by itself create an ongoing engagement. We do not promise specific outcomes or savings. Kohari Gonzalez Oneyear & Brown PLLC — Charlotte, NC.
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