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Investors & landlords
be careful, you want to minimize the gain that is taxable. you would qualify for the full exclusion on house 1 because you lived and owned it for 2 years.
you would only be entitled to a partial exclusion on the second (even if you waive the exclusion on the first) divorce would be an unforeseen circumstance
one year would mean approx 50% of the full $250K exclusion.
March 15, 2022
5:45 PM