Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

I lived in my home for less than 2 years. What are unforeseen circumstances for the exclusion reduction?

April 26, 2017circumstances exclusion Home lived reduction unforeseen

0

Posted

I lived in my home for less than 2 years. What are unforeseen circumstances for the exclusion reduction?

1 Answer

0

Posted

As of now, the IRS acknowledges only change of health or a change in the place of your employment. (The IRS has not as yet defined other unforeseen circumstances and does not allow you to claim the exclusion based on unforeseen circumstances until the IRS issues final regulations or appropriate guidance.) Please refer to IRS Publication 523 for additional information (This link requires Adobe® Reader®).