Primary home capital gains

[Maj92az]

Mike- thank you for an example of some things to look at...

And yes I did read 523. Under eligibility it says "You may take the exclusion only once during a 2-year pe-
riod.""

I know you guys were discussing it above on how it can be claimed within the 2 year but I certainly don't read it as that.

[Anonymous_]

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@Maj92az wrote:

I know you guys were discussing it above on how it can be claimed within the 2 year but I certainly don't read it as that.

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You are correct, but that is for the maximum exclusion.

You can qualify for a partial exclusion more than once every two years.

See https://www.irs.gov/publications/p523#en_US_2020_publink100073096