: You generally cannot have used the exclusion for another home sale in the two years prior to the current sale. Important "Gotchas" and Nuances
: If you used part of your home for business or rented it out, special rules apply that might limit your exclusion. : You generally cannot have used the exclusion
: You must have owned the home for at least 24 months (two years). : If your spouse passed away, you may
: If your spouse passed away, you may still qualify for the full $500,000 exclusion if the sale occurs within two years of their death and other criteria are met. Learn more Topic no
AI responses may include mistakes. For financial advice, consult a professional. Learn more Topic no. 701, Sale of your home | Internal Revenue Service
: Unlike other investments, you cannot deduct a loss from the sale of your personal residence on your taxes.
: You must have lived in the home as your main residence for at least 24 months .