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Investors & landlords
Here's the IRS rule on the capital gains exclusion:
You're eligible for the exclusion if you have owned and used your home as your main home for a period aggregating at least two years out of the five years prior to its date of sale.
https://www.irs.gov/taxtopics/tc701
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
‎August 24, 2022
2:08 PM