I purchased a home in 2014, lived in it until 2019 and began renting it out in 2020 thru present day. My intent is to sell the home NLT September 2024. Home is in CA.

    My understanding is that I can extend the 5 year requirement up to 10 years with qualifying times of active duty. As a reservists I have been on active duty for 3.5 years since 2014 when aggregating qualifying Title 10/32 orders over 90 days.

    Would that allow me to extend my 5 year window to 8.5 years and therefore qualifying for the 2 year primary residence? Or would the qualifying military service need to be during the past 5 years in order to extend?

    Articles I've reviewed:

    https://www.militaryonesource.mil/financial-legal/taxes/income-tax-and-rental-properties-when-military/#:~:text=The%20amount%20that%20can%20be,t%20taxed%20on%20the%20profit

    https://jzfinancialmanagement.com/2022/07/01/the-military-landlord-series-1-5-myths-on-the-military-extension-of-the-capital-gains-exclusion-for-the-sale-of-your-primary-home/

    https://www.katehorrell.com/favorable-tax-rules-for-military-when-excluding-capital-gain-from-sale-of-principal-residence/

    Thank you!

    Selling home – Reservist extension of capital gains exclusion
    byu/prepkp inMilitaryFinance



    Posted by prepkp

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