Capital Gain

[44]

Can I qualify for the Capital Gains exemption on the sale of a house if I sell after living in the house less than  2 of the last 5 years?

For example, if I lived in it 2015-16 and sell  in 2020. 

[DoninGA]

See IRS Publication 523 Selling Your Home - https://www.irs.gov/pub/irs-pdf/p523.pdf

Use the worksheets provided in the Publication and in particular the section on Business or Rental Use of Home

[Anonymous_]

---

@44 wrote:

Can I qualify for the Capital Gains exemption on the sale of a house if I sell after living in the house less than  2 of the last 5 years?

---

You will not be eligible unless one of the exceptions is applicable in your case.

See https://www.irs.gov/publications/p523#en_US_2018_publink10008999

You may be eligible for a partial exclusion if you meet any of those requirements.

See https://www.irs.gov/publications/p523#en_US_2018_publink100073096