If you have owned your home since July 2020 and sell it now, you meet the ownership requirement for the exclusion of gain. To get the exclusion, you must also meet the residence requirement and the look-back requirement, and other requirements. To get the full $500,000 exclusion, you and your spouse must both meet the residence requirement. See IRS Publication 523, Selling Your Home, for the details of the requirements for the exclusion.
