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Get your taxes done using TurboTax
Thank you. But,
I am confident that the period from July 1997 - Aug 2019 qualifies for exclusion from capital gains tax on the sale of the home.
What I'm not sure is whether the period from Aug 2019-July 2021 is considered "non-qualified use" or whether this time is also excluded. During this period I rented the house out until I eventually sold the home in Aug 2021. I had read that since I did not move back into the home following this two years of renting, the time is not considered "non-qualified use."
Please confirm.
Thanks!
‎February 27, 2022
6:18 AM