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Deductions & credits
(1) as long as he resided in and owned the home for 2 of the past 5 years, the exclusion is $250,000. Based on what you stated, he would qualify.
you would not qualify for an additional $250,000. You owned the home but you did not reside in it for 2 of the past 5 years.
‎November 23, 2023
7:13 PM