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Deductions & credits
May of 2019 to May of 2023 is 4 years, so you are greater out than 2 years since your last home sale exclusion.
If you owned and lived in the home for 2 out of the last 5 years, then you may qualify for the home sale exclusion which would exclude up to $250k ($500k if married filing jointly) of the sale of your home. In order to qualify you must not have used the home sale exclusion in the past 2 years. Since you are at 4 years, you would meet the criteria for not having sold a home in the past 2 years and taken the exclusion.
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‎April 6, 2024
8:56 AM