You most likely can. Please consult a tax professional but from what you have stated you should be able to exclude up to $250,000 from the sale of a main home ($500,000 for a married couple) as long as you have owned the home and lived it the home for a minimum of two years. Those 2 years do not need to be consecutive. You can use the 2 out of 5 year rule to exclude your profits each time you sell or exchange your main home. Typically you can do this only once every two years. Some exceptions do apply so please do consult a tax professional to get the most up to date and accurate infomration.
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