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Can you clarify the closing date? Is it October 3rd (or later)?

 

See https://www.irs.gov/taxtopics/tc701

 

You may qualify to exclude up to $500,000 of gain if you file a joint return with your spouse.

 

You're eligible for the exclusion if you have owned and used your home as your main home for a period aggregating at least two years out of the five years prior to its date of sale.

 

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