Deductions & credits

@Green Leaf 

 

(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. 

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