pk
Level 15
Level 15

Investors & landlords

@maggie2115  for US tax purposes , while you meet the  ownership clause, you still will need to meet  the use clause (  730 days  total used as main residence within a look back window of five years from the date of sale consummation ) and  not taken this exclusion in the last two years.  If you are filing joint then,  at least one of you must meet the ownership clause but both must meet the use clause for the US$500,000 exclusion )

 

I am assuming that you are US person  ( citizen/ GreenCard / Resident for Tax purposes ).

 

Does this make sense ?   Is there more one of us can do for you ?