Hi all, we are moving back to GA after 16 years in the UK! I've been offered a job so that's covered. My question is we took the home exclusion in Feb 2021, so will be liable for CGT on our main home if we sell before Feb 2023, but I believe we may be eligible for a partial exclusion as I'm moving for work? The IRS calculator seems to indicate 20 months would allow a $230000 exclusion. Am I correct? ( Although we are married I am the sole owner)
Also, 50% of our current home was inherited from my mother in 2020 (joint tenants) so how do I calculate basis? Eeek