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Old 02-26-2003, 05:57 PM
s4shawn
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Capital Gains Exceptions (marriage)? (VA)

What is the name of your state? Virginia

Is there any way to avoid the capital gains tax on a home sale having lived in the home for less than one year? The reason for the homesale is to buy a new home with soon to be wife. I saw mention of writing to the IRS requesting an individual exclusion, any chance of that happening?

Thanks!
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Old 02-27-2003, 03:18 PM
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Location: Washington
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If you change jobs & sell the home around the same time, you can take a reduced exclusion. Any job change is sufficient. Just getting married is not an unforseen circumstance that allows for a reduced exclusion -- you chose to get married & buy a new house instead of staying in the current house for 2 years.

Your best bet is to stay in the house for another year, then buy a house together.
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