Since 2015 we split our time fairly equally between two homes and spent at least 24 months out of the last five years in both homes. We purchased our retirement (current) home prior to the sale of the other two homes. We sold one of the homes in June 2020 and the other in January 2021. Both gains on the sale are below $500,000. From going through the questionnaire, a tax strategy was suggested to declare the tax exclusion of the home with the higher gain and pay taxes on the other home's gain. I wanted to confirm this is correct as the sales spanned two tax years. Thanks!
