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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 ?
‎August 13, 2024
10:20 AM