To qualify for the homeowner's exemption on gain for the sale of a personal residence, the homeowner must

Question

Quizplus · Accepted Answer

To qualify for the homeowner's exemption on gain for the sale of a personal residence, the homeowner must have lived in the property for a total of two years during the last five years. This means that the two years of occupancy can be non-consecutive and can be during any part of the five-year period leading up to the sale.

To Qualify for the Homeowner's Exemption on Gain for the Sale