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Updated about 6 years ago,

User Stats

127
Posts
54
Votes
Huso Akaratovic
  • Flipper/Rehabber
  • Newport News, VA
54
Votes |
127
Posts

Converting primary into A rental or sell it?

Huso Akaratovic
  • Flipper/Rehabber
  • Newport News, VA
Posted
Greeting folks, I have a question for all of you great people on this forum. Maybe I am looking into this too much and over analyzing things and possibly confusing myself. Anyways, my question is: I have a primary single family residence that I have lived in for 3 years now. My goal from the beginning was to sell it after 2 years and avoid capital gains. I wanted to listed for sale this year, but I started considering an option of possibly renting it out. So, if I rent it out for 2-3 years and then decide to sell it. Do I still qualify for the exclusion of the capital gains? Thank you everyone!

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