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Updated over 10 years ago on . Most recent reply
Selling principle residence to my brother /capital gains tax
Hello bigger pockets!
I am considering selling my home that I have owned for almost 4 years. I lived in it for 2 years before it became a rental.
I purchased the home for $106k and nearby comparable's have been selling for $275-300k. I want to sell it to my brother for $250k.
Will I still be exempt from capital gains tax 2/5 years if I sell it to my brother?