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Updated almost 7 years ago,

User Stats

61
Posts
9
Votes
Harold Groetsema
  • Investor
  • Fairbanks, AK
9
Votes |
61
Posts

Multifamily duplex question

Harold Groetsema
  • Investor
  • Fairbanks, AK
Posted

How does Capital gains work if I purchase a duplex, live in one side as my primary residence and rent out other side. After 2 or three years I decide to sell duplex for say $60K more than I bought it for. Would I only be able to take half of the gains tax free or be able to take the full amount? I can't find a search button because I'm sure this has been discussed.

Thank you

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