JohnB5677
Expert Alumni

Investors & landlords

Based on your description, yes she would qualify for the $250,000 exclusion.

 

If you sell your main home, and have a profit, you may qualify to exclude up to $250,000 (if single) from your income, or up to $500,000 if you file a joint return with your spouse.

 

You can meet the ownership and use tests during different 2-year periods. However, you must meet both tests during the 5-year period ending on the date of the sale. 

 

IRS Sale of home exclusion

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