1- How to report sale of two homes in same year?
2- Do I qualify for capital gain exclusion on both sales?
Situation:
married filling jointly both owned both homes.
Home 1: Was primary residence, both lived there 2 of last 5 yrs and owned more than 2 yrs. Converted to rental, rented for about a year and sold at beginning of 2024. There was capital gain. Received form 1099-S
Home 2: Main home after previous home (1), lived there less than 2 yrs, sold it mid year due to change in jobs (more than 50 miles, different state). So about 4 months between sale of previous home. There is also capital gains. Received form 1099-S.
