Bob Bruss on the primary residence capital gains exclusion for military personnel.

DEAR BOB: I am on active duty with the Navy. In 1999, I bought and lived in a home in Arizona while stationed there. In 2002, I was transferred under military orders to San Diego so I converted my home to a rental. Is there any way Armed Forces members can extend that two-out-of-five-years-occupancy tax rule to be eligible for the $500,000 capital gain exclusion for married couples?

Hit link above for Bob’s answer.