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Get your taxes done using TurboTax
@millerm52 wrote:the days spent in the home
It is not merely "days spent in the home"; it needs to be your "Principal Residence" during that time period.
What was your reason for moving out? There are some special circumstances that allow an exclusion if you use it as your Principal Residence for less than two years.
Because it recently was your Principal Residence but has not always been your Principal Residence since you bought it, even IF you qualify for the Section 121 Exclusion, it may be prorated. As a simplified example, if you owned it for exactly 10 years, and it was 8 years of non-Principal Residence followed by 2 years of your Principal Residence, you could only exclude 2/10ths of the gain (not counting any gain due to depreciation).
‎October 13, 2025
5:09 PM
965 Views