: You must have lived in the home as your main residence for at least 24 months .
: If you used part of your home for business or rented it out, special rules apply that might limit your exclusion. : You must have lived in the home
: Can exclude up to $500,000 of capital gains. : You must have lived in the home
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 : You must have lived in the home