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Updated over 1 year ago,
Tax rules when selling a primary residence turned into rental
I bought a home in 2021 and lived in it for 2 years. After the 2 years i moved and turned it into a long term rental. If I were to sell the home within 5 years, is the gain on the home still tax free? Or does it not apply since I rented out the home as well. Also if you know what tax code explains this that would be helpful as well. Thank you!