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R
rwaynecarman
March 28, 2021
Question

Sale of home

  • March 28, 2021
  • 1 reply
  • 0 views

I am selling a home I have lived in for 3 of the past 5 years, but have rented it for the last 2 years and live in a different location at time of sale. Do I qualify for the capital gains exclusion?

    1 reply

    M
    MAK70
    March 28, 2021

    Yes, if it was your primary residence for 2 years of the last five years you can qualify for the exclusion.

     

    See Is the money I made from a home sale taxable? for all qualifications.

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