Question
Home sales partial exclusion work related mileage rule?
Hi all,
I have been living in my home for 6 months. If I am to take a job 56 miles away from my home, will I still qualify for partial exclusion when I sell my home? I am reading the following in the publication 523 (2020):
"You took or were transferred to a new job in a work location at least 50 miles farther from the home than your old work location. For example, your old work location was 15 miles from the home and your new work location is 65 miles from the home."
The current job is 12 miles from my house to the south. The new job is 56 miles from my house to the north. So the mileage for tax purposes is 56-12 = 44? or 56 + 12 = 68? It appears to me it should be 44 miles which disqualifies me? Thanks.
I have been living in my home for 6 months. If I am to take a job 56 miles away from my home, will I still qualify for partial exclusion when I sell my home? I am reading the following in the publication 523 (2020):
"You took or were transferred to a new job in a work location at least 50 miles farther from the home than your old work location. For example, your old work location was 15 miles from the home and your new work location is 65 miles from the home."
The current job is 12 miles from my house to the south. The new job is 56 miles from my house to the north. So the mileage for tax purposes is 56-12 = 44? or 56 + 12 = 68? It appears to me it should be 44 miles which disqualifies me? Thanks.
