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Updated almost 2 years ago,
Can I qualify for tax exemption if I lived in home 23 months in the last 5 years
I have 2 questions that I would love if someone had insight into.
1) as the title says, we don't quite reach 2 years for the tax exemption. We were one month short before renting it out. We closed in May 2018 and the first lease started April 2020. Is this a rigid boundary or a "spirit of the law" type situation
2) We sold a home under this exemption 3 years ago. As far as I can tell you just cant have sold a home under the exemption in the past 2 years. Is this accurate?
Thank you so much to any who can provide some answers.