1st- I lived in a home I bought in 2012, if I sell it I will have owned it for just over 5 years. This home was intended to be my primary residence but because of my injury and the fact that I am in the military, I was forced to move away for medical care, having to then turn my home into a rental.
2nd- I moved to another island in Hawaii and bought a condo here because it was cheaper than renting. I bought it in Sept of 2015. When I sell it once I retire from the military I will have less than 2 years in it. Now, knowing that I will have less than two years in this primary residence, will I have to pay capital gains on it? I will be leaving because of retirement and leaving state, not sure if because its military related I am exempt.
Also, how about the 1st home? Had to leave do to military, will have over 5 when it sells.
Thanks in advance.