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Updated almost 3 years ago,
Renting what was my primary residence
I have a two questions. We're going to rent the home we currently live, in starting in June.
- How long can I rent it before having to pay capital gains. I don't now that I want to use a 1031. Not sure I want a different/ new rental or if I just want to be done.
- How much/what percentage do I have to pay tax on?
Thanks!