Hal_Al
Level 15

Deductions & credits

Q.  Do I have to sell after11/3/21 (2 years) to be allowed to get capital gains exclusion again?

A.  Yes.  From Pub 523:

Generally, your home sale qualifies for the maximum exclusion, if all of the following conditions are true.

  • You didn’t acquire the property through a like-kind exchange in the past 5 years.

  • You aren’t subject to the expatriate tax.

  • You owned the home for 2 of the last 5 years and lived in the home for 2 (1 if you become disabled) of the last 5 years leading up to the date of the sale (limited exceptions available).

  • For the 2 years before the date of the current sale, you didn't sell another home on which you claimed the exclusion.