We owned 72 acres our primary residence only owned one residence. We split the property after our home burned down. we sold 66 acres where the homestead was and 6 remaining acres sold to a family member. We have not replaced our residence yet currently renting temp quarters. Can we treat it as one sale it is less than 60,000 profit and we lived there almost 14 years. All occurred in year 2021. are we exempt?
