Homestead Tax Exemption in MA

[Maximilian Glodde]

Hi All,

I currently own a rental property that I lived in for almost 3 years. I moved out last year in August and have approximately 2.5 years left to sell it and realize a tax free capital gain. Question is, does anyone know whether I would still be able to take this tax exemption if I transfer the property into an LLC? My initial thought is "no". If no is the answer, I should probably just get decent liability coverage.

Thanks