Can a property owned and lived in for less than 2 years be considered a business sale so the Loss can be used?

[sharonvolotko]

The property was not rented.  Client lived there for 1.75 year.

[abctax55 · Accepted solution]

NO

(I'm going with the succinct answer)

[Just-Lisa-Now-]

You cant just call something a business...what was the property used for? 

[IRonMaN]

Sounds like they just lived in it, but too short of a period to get the exclusion.

[Just-Lisa-Now-]

you'd only need an exclusion if there was a profit...looks like someone is trying to get some losses?  this post makes little sense.