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Updated over 7 years ago,
Capital gains on rental?
Hi BP,
I have currently owned my property for 6 years and am curious to know if I rent it out for one year, then sell, will I have to pay capital gains since it's been rented for less than two years? Or, since I have already owned for so long, could I avoid capital gains on renting it even if renting for one year?
Thank you in advance.