Yes, you are correct that you can delay the start of your "2 out of 5 time". The military extension of the capital gains exclusion allows active-duty military members who are away from their property due to permanent change of station orders to extend the 60-month period up to an additional 10 years. This means that eligible military members may exclude their capital gains as long as they occupied the primary residence for two of the previous 15 years.military extension of the capital gains exclusion. This allows active-duty military members who are away from their property due to permanent change of station orders to extend the 60-month period up to an additional 10 years. This means that eligible military members may exclude their capital gains as long as they occupied the primary residence for two of the previous 15 years.
For additional Information please refer to: TurboTax: Tax Aspects of Selling a Home - Members of Uniformed Services
To enter the sale of your property please refer to: TurboTax: How to Report Sale Of Rental
