Questions & Answers

What is "change of health" for the Home Sale Exclusion?

An exception to the gain on the sale of your home lived in for less than two years will be considered because of health if the primary reason is related to a disease, illness, or injury of a qualified person. If a physician recommends a change in residence for health reasons, that will suffice. A qualified person for health reasons includes certain close relatives, so that sales related to caring for sick family members will qualify.

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