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.