capital gains - is this stuff true? Mostly about the employment related move?

Question

Capital Gains Exemptions:


Avoiding capital gains before 2 years: There are also a few loopholes if you have not lived in your primary residence for 2 years yet and you would like to sell. If you did not meet the requierments of the ownership test above maybe you fall into one of these exemptions:


1. Employment loophole: The sale of your main home is because of a change in place of employment if your primary reason for the sale is a change in the location of employment of a qualified individual. The new place of employment has to be at least 50 miles farther from your home than the former place of employment was (or, if there was no former place of employment, the distance between your new place of employment and the home sold is at least 50 miles).

What is pretty interesting is that it can be just about any member of your household and also employment is also defined as Self-employed, interesting indeed.
http://tracyrealestate.blogspot.com/2006/04/capital-gains-tax-laws-and-loopholes_24.html

Answer 1

There's another way out, too, called a 1031 exchange. Might want to look at that, too.