I am experiencing a very similar situation and am trying to make sure I am interpreting the law properly and that I understand how that gets entered into turbotax.
Purchased home Feb 2017
Overseas Assignment with Intelligence Community Nov 2020 - Jun 2023. (2 Years and 7 months)
During the overseas assignment we rented the property and have not moved back into it since.
Planning to sell the property as soon as the lease ends (Nov 2025)
My understanding is that I can exclude 2 years and 7 months (the length of my tour) from the 2 out of 5 year eligibility test.
If for instance I sell the property in December of 2025, I can extend eligibility rules by the 2 years and 7 months that I was abroad with a qualifying intelligence community position.
Therefore taking the 5 year eligibility test back to June of 2023 - June 2018. I lived in the house for 2 years and 4 months of that timeframe.
Do I just record the sale in the rental section once it occurs. Any advice would be greatly appreciated on how you recorded this.
