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Updated over 5 years ago,
Question regarding Section 121 Exclusion
Hello everyone.
I have a question. I bought a primary residence in September 2012 and lived there until December 2015.
The house was held as rental property from January 2016 to September 2019. (3 years and 8 months)
If I move back to the property on October 2019 and sell it on November 2021 (2 years), am I qualified for the section 121 exclusion?
Does the non-qualifying use only apply if the property was originally purchased as investment/rental and was later converted to primary?
Thank you.