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Deductions & credits
If you lived in as your primary residence and owned the house in TN for two of the five years prior to the sale date, you can exclude $250,000 ($500,000 if you have a spouse who also meets the condition and you are filing jointly) of the capital gain from the sale.
It doesn't matter when you declared the residence in Florida your primary residence. What matters is how many nights you were at the residence in TN.
‎June 3, 2019
11:35 AM