Last year, I sold my home after living in it for 18 months and made a profit. I thought that this profit would be excluded from capital gains because I moved due to a job transfer, and that 75% of $500K (married) would be excluded. She says, NO....only 75% of my profit is excluded and I owe capital gains on the 25% ( 6 months of 24 required for exclusion).
Your thoughts?
Thanks in advance,
Chris
Your thoughts?
Thanks in advance,
Chris