Exploring the sale of my investment property. I lived in it from May 2011 - July 2012, after which time it was solely a rental property. I have been an active duty military member since 2002, before I purchased the home. Married filing jointly, however, at the time, although we both lived in the home, we were not married. We are in the 25% tax bracket currently. I'm trying to anticipate if a military suspension of the 2/5-year use test applies (out to 10 years is my understanding). Also trying to figure out if a partial exclusion applies (based on the use test). Our anticipated gain is $100K.
