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Updated over 5 years ago,
Section 121 Exclusion for a Duplex when Occupying Both Units
Currently, my mother-in-law lives with me and I claim her on my tax return. I am considering purchasing a duplex where my wife and I live in one side and my mother-in-law lives in the other.
If I decide to sell in 2 years, does the entire property qualify for the Sec. 121 exclusion since I'm not renting it and my dependent occupies the other side?