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Deductions & credits
Bought 2009 (used as primary residence)
Rented 7/15/2016 (purchased another home this year to use as primary residence)
Sold 11/8/2019
Status: Married, filing jointly
Question: I am trying to determine if we qualify for home sale exclusion, partial exclusion, or none at all. We lived in the home as our primary residence for almost 7 years. ***Note - I am trying to determine if the exception to "period of nonqualified use" grants us the opportunity to qualify for tax exclusion as it seems we missed the mark by about 4 months). Can we claim a partial exclusion for the 20 months we lived in it of the 5 years prior to sale? Your help is greatly appreciated.
‎February 19, 2020
9:21 PM