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Updated over 1 year ago,

User Stats

91
Posts
21
Votes
Edgar Perez
  • Kenosha, WI
21
Votes |
91
Posts

When to sell multiple Live n Flips within 2/5 year timeline for tax free gains

Edgar Perez
  • Kenosha, WI
Posted

Is there a rule about how many live in flips you can sell and it’s correlation with tax years?

I lived in a property from 2020-2022 and is now a rental if I sell in year 2024 or 2025 I will meet the lived in 2/5 years for tax free gains

I’ve lived in my current home since 2022 and will be eligible for the two year rule in 2024. Now I assume I wouldn’t be able to sell both in the same year but will I still be able to take advantage of both tax free gains if I sell in consecutive years '24 and '25?

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