@Carl wrote:
Our plan is to move into the property for 2 years and then sell the property. A few questions. As we are both married and we are going to live in the house for 2 years, do we both qualify for the FULL $500k
exclusion
I can't say definitively, but I seriously doubt it. If the property is classified as a single family residence, then only one family can call it their primary residence.
For the purposes of Section 121, there is no limitation as to the number of owners/users who can claim the exclusion @Carl.
