Hello, we sold a main home that was in my wife's name, and I am the main filer for our joint return. The main home was sold at a loss. Will we still have to wait 2 years to sell our current/new main home to get the allowed exclusion of capital gain, since we sold the old home at a loss and there was no gain exclusion?
Also, is the 2-year period based on the sale date (sold date on the settlement stmt) or the calendar year? For example, if we sold the old home on 6/1/2021, would the 2-year period be 24 months from old home sale date, say after 6/1/2023? Or can we sell the new main home before 6/1/2023, say on 3/1/203, since the old home sale was in the tax year 2021 and new home sale will be in the tax year 2023?
