Am I capital gains exempt still with house in LLC?

[Nick Wehrley]

I purchased a house in September 2022 with the intention of staying a year then moving onto the next. I've ended up staying here for an additional year and now in just over a month I should be capital gains exempt if I were to sell due to the 2 of last 5 years rule. But since this wasn't the initial plan, I already placed the home in an LLC about a year ago, will that prevent this rule from being valid?

[Chris Seveney]

@Nick Wehrley

Talk to your cpa - it may matter if it's a single member LLC or multi member etc as well as if you were taking depreciation on it and how have you treated it tax wise in the past

Not a cpa nor pretend to be one but a lot of unknowns that you should review with your accountant