I purchased my primary residence in 2022 and sold in 2024. I owned the home for a total of 22 months which is 2 months shy of the 2 years needed for the $250,000/$500,000 gain exclusion. The entire time I owned the residence, it was my primary residence.
Can the gain exclusion be pro-rated and/or are there any exceptions for this scenario?
It depends on why you sold the home.
If you sold the home for the following reasons, it may be possible that you would qualify for a partial exclusion.
If you sold it just because you wanted to move, then no, you would not qualify for a partial exclusion.
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