Wrap-around Mortgage And Capital Gain Exclusion
If I sell my primary residence after living in the house 2 yrs the past 5 yrs with wrap-around mortgage, can I apply 250K capital gain exclusion? I am not sure what are the requirements of capital gain exclusion other than living in the house for 2 yrs the past 5 yrs. Thx.
Yes you can use your exclusion.