Hello Critter, I have read the link you mention. But I am still a little bit confused. The IRS publication 3 said that "You may be able to exclude your gain from the sale of a
home that you have used as a rental property or for business. However, you must meet the ownership and use
tests discussed in Pub. 523.".
Does that mean no matter what I must meet 2 out of 5 ownership and residence? Or according to the Pub 523 Eligibility test step 5,
"There are some exceptions to the Eligibility Test. If any of
the following situations apply to you, read on to see if they
may affect your qualification. If none of these situations
apply, skip to Step 6."
According to that, I am qualify for the exception to the eligibility test.
Thank you so much for your help. I do not really want to mess it up next year when it times to file my tax return.
Respectfully,
