abeutler
New Member

Does either the $250,000 or $500,000 exemption on gain from sale of home apply if only my spouse lived in the home for 2 of the 5 years prior to sale?

I moved out of state for work prior to 5 years before the sale.  My wife remained in the residence for more than 2 of the 5 years and continued her employment.  Upon retirement, she moved into our new residence and the former residence was rented before it was sold.  Sale was within 3 years after she moved out.