ANSWERS: 2
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Not positive, but I think you have the tax rule backwards: the 2 year restriction applies from the time you sell the house until you buy another: if you don't buy a new home within 2 years of selling your old one, you'll have to pay cap gains taxes on the old home. Never heard of any restriction for the situation you're in.
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Depends on why you are selling. If it is due to health, job change or divorce you may qualify for a partial exclusion.
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