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Is this a rental property? You stated "investment". Are you actually renting the property or was it a rental in the past?

 

If the property is being held for rental use, then you will be able to use the home sale exclusion (2 out of the last 5 years leading up to the sale), but you may have a non-qualified period during the time frame it was being used as a rental.

 

See https://www.irs.gov/publications/p523#en_US_2022_publink100077085