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Updated over 7 years ago on . Most recent reply presented by

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346
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189
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Bill Schrimpf
  • Real Estate Agent
  • Reno, NV
189
Votes |
346
Posts

Selling home - Less than 2 years - Restraining Order

Bill Schrimpf
  • Real Estate Agent
  • Reno, NV
Posted

Hi BP -

A friend bought a home about a year ago and in that time discovered the neighbors are drug addicts. With the addictive behavior has come vandalism, discharging of firearms, threats of violence, etc. to the point where my friend was able to obtain a restraining order against the neighbors.

My friend wants to sell. Is it possible for the extenuating circumstances (lots of calls to police, restraining orders etc.) to qualify as some sort of exception to the 2 year residency rule to avoid capital gains?

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