Yes. You can start the clock over. You qualify for the home sale exclusion because you owned and lived in your Mesa, Arizona home for two years within a five-year period.
I’m assuming the home was never rented so your cost would be the original land cost + construction cost + any improvements.
Special situations would not apply to you because this particular home was never rented or used for business and land does no depreciation.
Home sale exclusion
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
