Changed Primary Residence in Under 12 Months. How to Approach?
Hi, my fiancee and I bought our first home in 2021 as a primary (our only) residence. In 2022, we had an unexpected job relocation, which had us selling our first home and purchasing a different home in another state and reinvesting funds to that purchase. I am aware of a 1031 exchange for rental properties, but is there an exemption or something similar that exists for primary residences because of us living there a shorter amount of time?
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