Tax exclusion $250K - selling your home

http://www.irs.gov/pub/irs-prior/p523--2012.pdf

If I own my house for more than five years, and rented out for three years, (2 years rule)  Can I claim $250K gain exclusion when I sell my house?

I read somwhere saying that the tax exclusion is 2/5 * 250K = 100K

But I read the IRS publication in details.  it seems that I can claim $250K if I have used as my main home for 2 years during the five year period.

Any comment?  100K or 250K, no tax?

Thanks.

所有跟帖： 

• It depends -skyport- ♂ (353 bytes) () 05/02/2013 postreply 16:42:45

• Read example 1 and 2 on IRS publication 523, Page 15 -skyport- ♂ (0 bytes) () 05/02/2013 postreply 16:45:10

• Life saver, thanks! -smilee- ♀ (500 bytes) () 05/02/2013 postreply 16:54:03

• IRS calculate depreciation regardless you claim or not. -laoyangdelp- ♀ (0 bytes) () 05/02/2013 postreply 17:44:35

• Yes, you are exempted . -voong8929- ♀ (0 bytes) () 05/02/2013 postreply 17:15:49

• 回复：Tax exclusion $250K - selling your home -foxbat- ♂ (257 bytes) () 05/02/2013 postreply 17:21:50

• Thanks for all inputs! I will sell my house in three years then -smilee- ♀ (21 bytes) () 05/02/2013 postreply 17:52:09