Unforeseen Circumstances

[dsi]

My client has lived in his home for approximately 1.5 yrs. He and his wife did use the §121 exclusion on another home within the past 2 years. However, they have two reasons for wanting to sell and relocate:
1. Wife's father is ill and she would like to be closer to help take care of him
2. The would like to place their kids in a private school becasue the kids are having trouble in the school they are now in.

Any chance either of these could be "unforeseen circumstances"?

[Kram BergGold]

Reduced Exclusion ok I think

The father's medical condition is the ticket if the daughter's presence near the Dad will help facilitate his treatment.

[OldJack]

TheTaxBook, page 6-21 :

[dsi]

Thank you for that. I don't know why I didn't look it up myself. Must be getting tired.