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If a client lived in a hose as a main home the first two of the last five years and then rent it. When sold can they claim the 250k exclusion?

ayalastaxes
Level 3
She got married 3 years ago and went to live with husband and rented what was her main home for the last two and a half years before she sold it.
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IRonMaN
Level 15

You betcha!


Slava Ukraini!

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3 Comments 3
IRonMaN
Level 15

That must be a really big hose.  

She can get the exclusion less a little depreciation recapture.


Slava Ukraini!
ayalastaxes
Level 3

She moved into her husband’s house. So she rented hers. But, I herd they could exclude it, but wasn’t completely sure that is why I asked. Thanks 

IRonMaN
Level 15

You betcha!


Slava Ukraini!