Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 almost 6 years ago,

User Stats

1
Posts
0
Votes
Brian Mahoney
0
Votes |
1
Posts

Selling real estate without capital gains or penalty

Brian Mahoney
Posted

I flip properties as a side job from my full time job and have been successful at it for about 9 years. I have always wanted to learn more about capital gains and the 1031 exchange program. I always keep my houses for two years so I am free from paying any capital gains but have a question about another scenario. I sold a house in June 2018 as I owned that home for 2 years and was my primary home up until last June. I have my current house that I fixed up which is my current primary residence and rented it out for about 9 months and have took it over afterwards as my primary residence. My two years of owning the home will be met this coming May. My question is can I sell this house this year without any penalty since I sold a house last year? This is a question my realtor and I have. Hoping someone can shed some light on this. 

Loading replies...