Sale of Adjacent Lot

[Snaggletooth]

If meeting the same qualifications of home ownership, the sale of an adjacent lot next to a primary residence is counted as one sale, and subject to the exemption. See TTB 6-20.

But what if there are two separate sales, to two different individuals? House was sold to one individual and lot was sold to a different party?

I don't see anything in TTB 6-20 which causes the sale of the lot to be disqualified from the exemption.

Do you?

[Lion]

The whole thing had to have been used as your primary residence and sold within two (?) years of each other to qualify for the principle residence exclusion. Other than the time limit, it doesn't matter to whom or when. Just that it was used as your home.

[Roland Slugg]

Snag, you may confirm the information in the above post by referring to IRS Pub 523, Page 5 ... LLH corner.