JulieS
Expert Alumni

Get your taxes done using TurboTax

No, you are only allowed to take the exclusion once in a two year period. 

 

Here is an excerpt from IRS Publication 523:

"If you didn't sell another home during the 2-year period before the date of sale (or, if you did sell another home during this period, but didn't take an exclusion of the gain earned from it), you meet the look-back requirement. You may take the exclusion only once during a 2-year period."

 

The exception for work related moves is an exception to the period of residency and ownership, not to the look-back period. Click here for more information. 

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