home owner capital gain exclusion.

[Gabe G.]

I have lived in my past primary residence for 13 years. 

I am considering renting it out for a small period of time, then selling.

What are the rules for doing this.

If I lived in it for 2 years, of the past 5 before the sale takes place, do I still qualify for the exclusion?

So effectively. I moved out of the home on 6/11/2018. I could rent the home out for 3 years, then sell and I would still qualify for the exclusion.

Is that correct, based on today's law?

[Jon Holdman]

Correct.  Your sales transaction must close in less than three years after you move out.  This is strict.  Miss it by a day and you lose the exclusion.