Sale of main home exclusion

[bglissontts]

I have a client that sold his main home and lived there for only 2 years. Does he still get the exclusion since he only lived there for 2 years and not the two out of five?

Thanks

[Just-Lisa-Now- · Accepted solution]

If he lived there for 2 years then yes he DID live there for 2 out of the past 5 years.

[sjrcpa]

What does under 24 mean? 😄

[bglissontts]

Always a smart ass in the crowd.

[sjrcpa]

We don't get paid, so we have fun.

Years ago there was a thread where we could not get someone to understand that age 24 was not under 24.

[IRonMaN]

"Always a smart ass in the crowd"

And thankfully there are.  How would folks get their questions answered here if all we had here were dumb asses?

[joshuabarksatlcs]

RE: I have a client that sold his main home and lived there for only 2 years. Does he still get the exclusion since he only lived there for 2 years and not the two out of five?

Let me take over the honor of a smart arse. 

Given the question as phrased.... This statement is wrong: "If he lived there for 2 years then yes he DID live there for 2 out of the past 5 years.

For example:

Lived in the house: 2005. 2006 

Sold the house:   2021

The answer to the question, as phrased is:   NO!!

[IRonMaN]

Maybe Intuit can roll out some new smart ass badges.  I would wear mine with pride.

[joshuabarksatlcs]

But then, @IRonMaN I'm a dumb ass.  Let me tell you a secret.  I was the one who didn't understand why someone who is 24 is not under 24.  I still don't get it.  I just changed my handle and return here and I refrane from getting involved in any question that has to do with age or the number 24...  

I just finished all the PTE tax returns.  All 3/15 returns are on extension.  I'm on bourbon this afternoon.  I purposely misspeeled refrane hoping that bob will come in to correct my speeling.  I like chatting with Bob.  Bob is my hero.  And Bob is smart...

[joshuabarksatlcs]

RE: Maybe Intuit can roll out some new smart ass badges

Put it to a community vote.  I will vote yes.

[IRonMaN]

I suppose they could also issue dumb ass badges ------------- just so they don't leave anyone out.

[joshuabarksatlcs]

RE: What does under 24 mean? 

Next question: Who's on first?

[Just-Lisa-Now-]

yea, the devils in the details...I made an assumption that this was current info pertaining to the last 2 years....so my answer could be totally wrong!

[joshuabarksatlcs]

I'm sure you knew the correct technical answer, and the Asker meant it the way you interpreted it. 

I was just being a smart aleck per the asker's request.

[joshuabarksatlcs]

Plus, I have the awesome power of bourbon... 

[rcooley25]

It means you are not over 23.

[rcooley25]

I dont  know if I qualify for a smart ass badge but I diffently qualify for a wide ass badge.