Sale of home rule

[Insignia]

Do I qualify for the 250/500 rule of tax exception of selling a home if I lived and owned and lived on that property for only 4 1/2 years before selling it?

[Bsch4477 · Accepted solution]

Yes. You have to have lived there at least 2 of the past 5 years. You don’t have to have owned it for 5 years.