We are nearing the end of the limit for the primary residency requirement of 2 years out previous 5 years. The real estate market is kind of frozen because of Covid-19. Is there any possibility to extend the 5 year period during this pandemic?
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There is no indicate of that at this point. You've already had 2+ years, so they have already given you quite a bit of leeway.
There is no indicate of that at this point. You've already had 2+ years, so they have already given you quite a bit of leeway.
If you are not active duty military, there is no way to extend the "2 of last 5" requirement to qualify for the capital gains tax exclusion.
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