Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
CPA Question Home Sale Exemption on a Multi-unit
CPA question: If you have capital gains on a multifamily property that you have lived in 2 out of the past 5 years is the home sale tax exclusion prorated to only the unit you lived in or can you use the exemption on the entire building? I'd appreciate any guidance if anyone has had experience with such a situation.