Sale of primary home - lived and owned only 2 years - do I have to pay capital gains since I didn't owned the house for 5 years?

[jerry2000]

You don't have to have owned the home for 5 years. To get the exclusion, you have to have owned and lived in the home for 2 out of the last 5 years ending on the date of sale.

[bwa]

Also note that 2 years is not an estimate.  It is exactly 2 years or more from date of purchase.

[SweetieJean]

See OP's other post:
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