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 over 5 years ago,

User Stats

961
Posts
276
Votes
Will F.
  • Investor
  • Los Angeles County, CA
276
Votes |
961
Posts

Residency Exclusion for Capital Gains 2/5 years for triplex? Pror

Will F.
  • Investor
  • Los Angeles County, CA
Posted

I own and live in one unit of a triplex (three houses sharing one lot).  I just wanted to confirm that I'm OK moving from unit to unit to still get the capital gains residency exemption:

Would it be OK to prorate the amount when sold of where I'm living % based on square footage of the units?

For instance I've lived in unit 1 for 2 years, then I move to unit 2 and live in for 2 years.  Then as long as within 4-5 years I would still get the capital gain residency exemption when I sell correct?


And I could prorate the 2 units based on square footage correct?  Or would I have to just prorate by unit amount like 2/3 of the total capital gains?

Loading replies...