For determining whether a taxpayer qualifies to exclude gain on the sale of a principal residence, the periods of ownership and use need not be continuous nor do they need to cover the same two-year period.

Question

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The IRS allows for non-continuous ownership and use periods to be considered when determining whether a taxpayer qualifies for the exclusion of gain on the sale of their principal residence.

For Determining Whether a Taxpayer Qualifies to Exclude Gain on the Sale