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Home capital gains exemption

Hey All - I'm still a "new" homeowner and i'm starting to think short term/long term with my investments vs. where I am in life. My girlfriend and I both purchased homes in June 2018. I've tried to read into the capital gains exemption, and how long a house must be owned, lived in etc., however I am a little confused. The reason for my question is that we plan to move forward with consolidating sometime in the near future, so the question applies to both of our homes.

How long must I OWN my home to be capital gains exempt? How long must this home be my PRIMARY RESIDENCE? If I rent my home, do these time frames still stand true as I am still the "owner" of the property?

Thanks!

submitted by /u/TravRado1024
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source https://www.reddit.com/r/RealEstate/comments/dawmke/home_capital_gains_exemption/
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