Rental/Home Sale Exclusion

[MGC94]

Taxpayer lived in this house as main home for over three years. Wants to do the home sale exclusion. She rented her house out for one month in the summer and lived with her mother, then moved back in for a month right before it sold. Can she no longer claim the home sale exclusion for renting it out for one month? 

[Norman2001]

Renting out the property does not void the exclusion. 

www.law.cornell.edu/cfr/text/26/1.121-1  (c)(4)Example 1

[Accountant-Man]

Read IRC Sec. 121.

[Just-Lisa-Now-]

As long as they owned and lived in it as a personal residence for 24 months out of the past 60, they do qualify for the exclusion.