Deductions & credits


@djfunk wrote:

What if you have owned the home for 10 years, lived in it for the first 7, relocated due to job and rented it out for 3 years and 2 months before selling, can you still get a pro rated exclusion? 


You can suspend the 3 year rule for up to 10 years if the reason you moved out was due to military or foreign service orders.  For any other reason, keeping it as a rental for more than 3 years kills the exclusion.