Ok, so I am bit confused on this. So I sold two homes last year, at the time of sale, one was a rental and one was my primary residence. I had previously lived in and owned the one that became the rental for 10 years and at the time of sale it had only been rented for 23 months. The proceeds from both home sales went into my new home in a different state. My question is can I claim the proceeds from both homes as proceeds under the primary residence exemption. The total gains were less than $100K combined. Anybody know the answer to this one?
Update: I was also on active duty for the sale of both homes which happened prior to retirement where I moved back to my home of record and used the proceeds to buy a new home. Not sure if that changes anything.
