Section 121 aka best tax code ever

Taxpayers may exclude the gain from the sale of a main home by up to $250,000 for single filers and up to $500,000 for married filing jointly. 
Eligibility requirements for Section 121

• Sold main home
• Meets ownership and use test
• Have not excluded gain in the prior 2 years to the current sale of home

Ownership and use test
During the five year period ending on the date of the sale the taxpayer must have: 

• Owned the home for at least 2 years AND
• lived in the home as their main home for at least 2 years