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: You must have owned the home for at least 24 months (two years).

: You must have lived in the home as your main residence for at least 24 months . : You must have owned the home for

: If you used part of your home for business or rented it out, special rules apply that might limit your exclusion. This is a complete exclusion, meaning you don't

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 This is a complete exclusion

: If your spouse passed away, you may still qualify for the full $500,000 exclusion if the sale occurs within two years of their death and other criteria are met.

: Unlike other investments, you cannot deduct a loss from the sale of your personal residence on your taxes.