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Updated almost 8 years ago,

User Stats

19
Posts
0
Votes
CJ S.
  • Investor
  • Tulsa, OK
0
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19
Posts

converting residence to rental and capital gains upon future sale

CJ S.
  • Investor
  • Tulsa, OK
Posted

We are considering converting our 20+ year residence to rental but want to know IF or HOW we can convert it back to our residence in the future and preserve the capital gains exclusion. Does the length of residence ownership have any effect on how the future sale would be treated?

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