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Primary residence exclusion
I know the 2/5 year rule changed in 2009 to exclude non-qualified use, just checking to see I am still qualified for a full exclusion due to job change.
2012-2015 Primary residence
2015-2021 Rent out due to job change (more than 50 miles)
2021-2024 Went back to old job and use the house as Primary residence.
If I sell the house in 2024 can I claim exception on non-qualified use for years during 2015-2021?
or do I need to go with prorated exclusion which is 6/12*$250,000 = $125,000
Topics:
‎February 15, 2024
12:55 AM