The law is, if in the last 5 years of ownership, you used the property as primary residence for two years in total, then you are eligible for primary residence gain exemption.
So， last 5 years of ownership is : 2023/12 - 5 years = 2018/12
Your time as primary residence is 2019/10 - 2018/12 = 10 month.
Sorry, not even close.
2. If you sold last year 2022/12
last 5 years of ownership would be 2022/12 - 5 years = 2017/12
Your time as primary residence 2019/10 - 2017/12 = 22 month, then it's much closer and I'd suggest claiming the tax exemption.
大概的情况：
AZ： 2012 $320K 买的新房，花了$100K在后院（泳池和花园等）
WI： 2019 年搬去其它州（WI），又买了房子 as (Primary)住。
2012-至今，我的父母都是住在我们AZ房子（要卖的房子）
现在打算卖掉AZ的房子（卖价大概$905K, 已有offer）， 用这个钱做首付在现在的州WI 买一个
理想的房子（父母年龄大了，想住的近些，方便互相照顾），想问问这样还要交（Capital Gain) 税吗？
本来想着卖房买房就没有税的问题，身边的朋友又说是有税的问题。
想着这里卖房买房的朋友懂得比较多，想问问建议，谢谢
905-（320+100）- 卖房费用 （905*5%=45） = 440K capital gain.
2012-2019算自住房，但是过去五年（2018-2023）你仅有一年时自住，所以不能用自住房免税额。你要是去年2022年卖就好，可以享受一部分了。
现在440K的gain都是taxable，无论如何也要交20%，那就是88K。
你不信我，可以去问会计。
The law is, if in the last 5 years of ownership, you used the property as primary residence for two years in total, then you are eligible for primary residence gain exemption.
So， last 5 years of ownership is : 2023/12 - 5 years = 2018/12
Your time as primary residence is 2019/10 - 2018/12 = 10 month.
Sorry, not even close.
2. If you sold last year 2022/12
last 5 years of ownership would be 2022/12 - 5 years = 2017/12
Your time as primary residence 2019/10 - 2017/12 = 22 month, then it's much closer and I'd suggest claiming the tax exemption.
即使你够格可以用免税额，最后还要算自住多少时间，非自住多少时间，然后按比例交税。
很多人看文章只看一半，以为eligible就可以拿全额。
总要有证据啊，实在不行text message，email，cancelled check，credit card，anything。。。
你的名字里面有个Valley，我怕的是你来自硅谷，自住房赚了一百万，超过了五十万免税额，呵呵。
这么多钱，不要来网上问了，去找个会计帮你整理一下。这么挤牙膏问下去，你得不到全面服务。
因为过户公司会向IRS寄表记录这个交易，那个表是归类在2024年。