To qualify for the IRC Section 121 exclusion of gain on the sale of a residence,the taxpayer must have lived in the home for a continuous two-year period.

Name: To qualify for the IRC Section 121 exclusion of gain on the sale of a residence,the taxpayer must have lived in the home for a continuous two-year period.
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The taxpayer must have owned and lived in the home as their principal residence for at least two out of the five years before the sale, but the two years do not need to be continuous.

To Qualify for the IRC Section 121 Exclusion of Gain