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The home which is not the primary residence needs to be converted to a primary residence by moving into it and then waiting another 2 years.
Subject Expert
You also have to have lived in the house 2 of the last 5 years as your primary residence.
Subject Expert
The rules in IRC 121 are plain text and should help with any of your further questions.
well you can only do this once every two years so you can’t apply it to both at the same time if that’s what you are asking
Yes. You can only apply for exemption once every two years. Under current rules
Mentor
You can only have one primary residence at a time. And there is criteria to define which property that would be.