The Housing Bill was passed by the U.S. House of Representatives last week and by the U.S. Senate this past Saturday.  It contains changes to the Section 121 exclusions available to homeowners that have lived in their primary residences for at least 2 out of the last 5 years.  The changes only affect homeowners that used their property for non-qualifying uses (i.e. rental property, etc.).  Essentially, gain attributable to the property while it was held as non-qualifying property will no longer be excluded from income.  Homeowners that take rental property and convert into their primary residence may find that the benefit no longer makes sense.  I will post more once I have a copy of the U.S. Senate's version and can compare to the U.S. House of Representatives version to make sure there were no changes.  Stay tuned....