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Get your taxes done using TurboTax
Thanks for joining us today. According to the IRS you may take the exclusion only once during a 2-year period. That means if you sold home A in March 2022 (For example) then the sale of home B would have to be no earlier than March 2024 for you to be able to claim the Exclusion of gain on a primary residence.
You can refer to IRS publication 523 for more details: https://www.irs.gov/publications/p523
‎October 25, 2023
10:15 AM
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