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Updated almost 2 years ago,

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12
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0
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Jameson Hedin
  • Sandy, UT
0
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12
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Can I qualify for tax exemption if I lived in home 23 months in the last 5 years

Jameson Hedin
  • Sandy, UT
Posted

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.  

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