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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.
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‎June 3, 2019
1:26 PM