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Advice is requested on avoiding cap gains tax on sale of home.Can 6 months per year be counted in the occupancy requirement of 2 years out of the last 5?
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<< Advice is requested on avoiding cap gains tax on sale of home.Can 6 months per year be counted in the occupancy requirement of 2 years out of the last 5? >>

Your occupancy need not be continuous, it just has to add up to 2 years. Remember that this is 2 years occupancy as your MAIN home.

There have been a couple of recent threads about this issue over on the Tax Strategies board in the Managing Your Finances folder. You might want to check them out, as well as IRS Publicaiton 523.

TMF ExRO
Phil Marti
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