Given your contributions on the Tax board this is more for lurkers than for you, but the law changed in 2009 on calculating the amount of gain available for the personal residence exclusion. The period from 1/1/2009 to the date you moved in is "nonqualified use." The part of gain attributable to this period as a percentage of total ownership time cannot be excluded. (This is in addition to the usual treatment of property that was used as a rental.)Details are in IRS Publication 523.Phil The tax law change was the reason we converted the property back to personal residence in 2009. The two year plan is now a four year plan, but is close to coming to completion.
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