Sale of Primary Residence owned for 21 months

[taxman36]

I purchased my primary residence in 2022 and sold in 2024. I owned the home for a total of 22 months which is 2 months shy of the 2 years needed for the $250,000/$500,000 gain exclusion. The entire time I owned the residence, it was my primary residence.

Can the gain exclusion be pro-rated and/or are there any exceptions for this scenario?

[Vanessa A · Accepted solution]

It depends on why you sold the home.  

If you sold the home for the following reasons, it may be possible that you would qualify for a partial exclusion.

1. Change of Health
2. Death, Divorce or legal separation
3. Multiple Births
4. Change in place of employment more than 50 miles from home
5. Unforeseeable Event
6. Change in financial circumstances leaving you unable to pay

If you sold it just because you wanted to move, then no, you would not qualify for a partial exclusion.