Here in my situation: We (my wife) got a HUD deal under contract that we were gonna flip ourselves; we got it OUTSIDE of the exclusive owner occ period.

You need to have an area that is used 100% regularly and exclusively for business.

Be wary of any agent that wants you to sign “an exclusive” agreement with them.

The Protecting Tenants At Foreclosure Act has another exclusion.

The MLS caters almost exclusively to owner occupant buyers.

My understanding is that if you truly sell, even with an installment sale, it would qualify for the primary residence exclusion.

You do have to live 2 out of five years in the residence to take $250,000 exclusion.

I considered doing a FSBO but 3% exclusive realtor fees made sense to me at the time, still does considering, since I also had other customers waiting for me to finish that project so I could get to their remodel projects.

Louisiana Representative Jim McCrery said the provision could hurt housing markets in coastal communities.Tightens QualificationThe realtors association told lawmakers in a letter last week that the vacation-home provision ``does not eliminate any tax benefit but rather tightens the requirement'' for qualifying for the exclusion from capital-gains taxation on the sale of a home.U.S. law generally allows married homeowners to exclude as much as $500,000 in profit on the sale of a second home, provided the owners have lived in it for at least two out of the previous five years.

While you are likely postponing the inevitable tax, at least you can grow it a little in the meantime.Dustin07 exchanging can turn into a tax exclusion if done correctly with a good estate plan or tax advisor.