Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply

User Stats

18
Posts
2
Votes
Lucas B.
  • Scottsdale, AZ
2
Votes |
18
Posts

Exceptions to the 2-Out-of-5 Year Rule

Lucas B.
  • Scottsdale, AZ
Posted

Hi,

I have a very specific question for you. We have lived in a house for 715 days within the last 5 years, it was our primary residence that we have rented after the number of days above for 2 years, and we are planning to sell it within a 5 years since we bought the property. Is the 2 out of 5 year rule very specific, do we really needed to live in the property for 730 days, and 715 days will be not enough to avaid capital gains tax? If so, can we at least partially avoid capital gains tax, we are talking about around $30k in capital gain tax

Thank you

Loading replies...