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Can I defer a home sale exclusion to a sale of another home
I am selling two houses (both primary addresses with just a month overlap in the sale of one and purchase of another). One house (house A) I lived in for more than 2 years and sold i January 2022 and the other house (house b) I lived in less than 2 years but more than 1 year and am moving due to a divorce and am selling in April 2022. My question is:
(1) Can I elect to defer my home sale exclusion of house A and use it to reduce my partial exclusion for house b (I say partial because i don't meet the requirements of 2 in 5 years rule of residence nor ownership)
March 15, 2022
11:52 AM