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Updated over 4 years ago,

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2
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1
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Bill Johnson
1
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2
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Capital Gains Strategy Question

Bill Johnson
Posted

I purchased my personal residence about 12.5 months ago with personal non-business funds.  I want to sell my house and use the proceeds to purchase a Duplex which I can use to House Hack.  Will I be subject to the long-term capital gains rules, or since I plan to live in 1/2 of the duplex with it qualify as a rollover of equity?  Any tax strategies suggestions are appreciated.

I am sure I'm not the first to do this, but couldn't find a doc talking about a person selling their home under the current tax laws to live in 1/2 a duplex and rent the other.


Thanks!

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