You may want to decide which to claim It on once they actually sell....
If homies #1 doesn’t close with in 6 months , you begin to violate the “24 of the last 60 month” rule
So best to determine which gives you the best benefit if they both sell. Also , since house #1 was rented, there is depreciation that effects the cost basis so it makes the determination a little bit more complex
Why not wait until the end of the tax year to decide which one to take the exemption on?
