Norman2001
Level 7
03-06-2022
07:10 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
There are 3 rules. One of them is:
You may take the exclusion, whether maximum or partial, only on the sale of a home that is your principal residence, meaning your main home. An individual has only one main home at a time.
The homes are not treated equally for the exclusion, because only one is their principal residence.