Thank you for all the helpful responses!
Here are a few more details regarding our current situation that may help. @Opus 17 @Mike9241 @DaveF1006
All homes in question are in Florida, a non-community property state. Home #1 was purchased in June 2016 by H. Marriage between H and W occurred in June 2018, so from 2018 and forward, taxes were MFJ. Home #2 was purchased in December 2019 by both H and W. Both H and W moved into Home #2 in January 2020. Home #1 was sold in May 2020 with total gains around 60k. No capital gains were paid as this was less than either the 250k for single/500k for married limits on the exclusion.
H and W would like to sell Home #2 in February 2022, with an estimated gain of 100k. In this instance, can the exemption be claimed with no issues while still filing jointly, even though the time between the two sales will be less than 2 years?
