Can I buy my personal home through LLC? (Live in flip)

[Timothy Metra]

I'm not sure if this differs by location, but if I buy a home and live in it for at least 2 years, I can sell the property without paying capital gains tax on the profit.

I was wanting to do a live-in flip. Buy a home and fix it up while living in it, then sell it after the 2 year mark.

Can I purchase the home through my LLC, write off (taxes) the material costs of upgrading and possibly adding a deck etc, and then end up ultimately selling it? Or is this not something you can do on a personal home?

[Chris Seveney]

Timothy Metra
When you go to sell it you will pay taxes on the profits if it is an llc whereas if you buy it as a single family you do not pay profits on first $250k (note I am not an attorney or accountant)

I know of someone that does this but buys it as his personal not LLC