We (or I) meet the 2 year out of 5 period in home a, it was rented just less than 3 years- I should have made that more clear. The part I'm confused is the rules say you can only take one gain excluding every 2 years. I just owned the property before we were married and lived there 2 years. I've moved in less than 3 years later, so have now extended my 2 years it that makes sense. We mfj and will take the exemption for home b this year but are trying to determine if we can take another one next year if we sell home a. Each property probably has a gain of less than 50k.
