701 < WORKING >

: If you used part of your home for business or rented it out, special rules apply that might limit your exclusion.

: Can exclude up to $500,000 of capital gains. : If you used part of your home

This is a complete exclusion, meaning you don't even have to reinvest the money into a new house to keep the profit tax-free. Core Requirements for the Benefit : If you used part of your home

: You must have owned the home for at least 24 months (two years). : If you used part of your home

To qualify for this exclusion, you generally must meet two main tests within the ending on the date of the sale: