Client is forced to sell home after 20 months of ownership due to job change. Seems to qualify for reduced exclusion but don't see any place on form to explain the qualifying reason for reduced exclusion other than filling in details of ownership period and claiming reduced exclusion? Is that all there is? No proof attachments?
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Last edited by BOB W; 04-29-2022, 11:51 AM.This post is for discussion purposes only and should be verified with other sources before actual use.
Many times I post additional info on the post, Click on "message board" for updated content. -
Like most other things, there is no need to attach an explanation. Just make sure the taxpayer keeps documentation in case the IRS were to question anything.
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