My client traded a house (1031 Exchange) in 2015.  He rented for a year and then converted to his own home.

In February this year he sold for a gain ($525,000).  He is married filing jointly.  Is he allowed to take the full $500,000 home exclusion.  I was reading that was something new that was passed in 2008.  Does anybody have any information about that.

I appreciate your response.  Thank you,