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.
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 almost 3 years ago,

User Stats

3
Posts
1
Votes
Paul Saephan
1
Votes |
3
Posts

Capital gain tax owned for three years

Paul Saephan
Posted

Hello so I have a house which I held it since oct 2019 currently still own it. I spent one year renovating it then rented it to family for one year (was not posted on market or claimed on taxes due to it just being break even) and currently renovating again to get it to market value for sale. I was wondering if I would need to pay taxes on capital gains since I owned it for three years but technically didn’t live in it. Bills were in my name for just less than two years but the bills were very minimal cost wise as I didn’t actually live there. So basically I was wondering if I could claim it as primary resident to avoid taxes. Any input would be appreciated.

Loading replies...