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by CareyBot

DEAR BOB: In 1999 I bought a house in Florida as a single woman. That same year, I married and moved to Washington, D.C. My daughter lived in the home and cared for it. I sold the home in 2003 at a profit. Can I take advantage of that $250,000 tax exemption you often discuss? I believe I should qualify due to the "unforeseen circumstances" clause and also "change of employment" of my spouse, so I don't have to meet the two-year residency requirement – Diane F. DEAR DIANE: Nice try. Sorry, you don't appear to qualify for the Internal Revenue Code 121 principal residence sale $250,000 tax exemption. You only occupied the house a few months before moving out. Purchase Bob Bruss reports online. Your marriage doesn't qualify as an "unforeseen circumstance." Neither does your spouse's cha...