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 4 years ago,

User Stats

12
Posts
1
Votes
Viney Khera
  • San Diego, CA
1
Votes |
12
Posts

Capital gain gonna be taxable on only sf house I own but rented

Viney Khera
  • San Diego, CA
Posted

Hi, I own a single family but i moved out of that home to different city around 6 yrs ago, its been on rent since then and I have been renting myself.  Now I will be moving out of state, so i am thinking if I should sell this house or not. If i decide to sell it, will I be able to get any tax deduction on capital gain? 

I don't meet residency criteria of living in this house 2 yrs in last 5 yrs, to get 500k deduction filing jointly. I am moving out of state for my wife's job (but she isn't on title), will that still help us get any deduction? 

If not, is my only option 1031 exchange?  About 1031 exchange, can i buy before selling and does that apply towards selling investment property and buying one for primary residence, specially in this case when one only own a investment property?

TIA

Loading replies...