Skip to content
×
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
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Tax, SDIRAs & Cost Segregation
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 3 years ago on . Most recent reply presented by

User Stats

24
Posts
4
Votes
Jennifer Smith
  • Riverside, Ca
4
Votes |
24
Posts

Q question about capital gains tax

Jennifer Smith
  • Riverside, Ca
Posted

Hi all! 
last year I got married and rented out my condo that I had lived in since 2011. For the last year we have been renting it out. At this time we would like to sale, however I’m wondering if we would still be eligible to avoid paying capital gains tax.  It’s currently a rental (since Nov 2020) but was my primary residence prior to this. Please let me know if I still qualify to avoid capital gains tax.  

Thank you.  Any help would be greatly appreciated. 

Most Popular Reply

User Stats

23,418
Posts
13,509
Votes
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,509
Votes |
23,418
Posts
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied
Originally posted by @Michael Plaks:

@Jennifer Smith

Yes, you have 2 years after you moved out. There will be some tax on the depreciation you took since you started renting it.

Michael, made a typo...3.

Loading replies...