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If the taxpayer moves into the Replacement property, how long do they need to hold the property to be eligible for the IRC Section 121 exclusion?

April 26, 2017eligible exclusion hold IRC moves Property replacement section taxpayer

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If the taxpayer moves into the Replacement property, how long do they need to hold the property to be eligible for the IRC Section 121 exclusion?

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As of October 22, 2004 the IRC ruling states a minimum of five years is needed to be eligible for the IRC Section 121 maximum exclusions restrictions for capital gain of $500,000.00, married filing jointly: $250,000.00 filing as single.