@DanPaul02 wrote:
The rule goes exactly by the date that you moved in and the date that you moved out. To qualify for the tax exemption, you have to have lived in the house for a full 24 months, regardless of when you filed tax returns.
Not quite correct. It is any 24 months of the previous 5 years. The date you moved in and moved out is irrelevant as long as it is 2 years in the last 5 years (you might have lived in it for 2 years and then rented it out for 3 years)
See IRS Pub 523, page 3.
https://www.irs.gov/pub/irs-pdf/p523.pdf
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
