Try it this way. You look back 5 years from the date of sale. If either of you has owned the property and both of you have lived in it as your primary residence (not necessarily at the same time) for 730 days during that 5 years, you each qualify for a $250,000 exclusion ($500,000 on a joint return). That satisfies the ownership and use tests.Timing on this thread couldn't have been better as I was wondering the same thing myself - I couldn't remember the 5 year part of the equation - there is going to be a gap between my living in my old house and the sale and I was suddenly wondering if my slowness in getting it sold was going to become an issue. *whew* Cindy
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