Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 9 years ago on . Most recent reply
Tax implications on moving back to rental property
I have read a bit about the changes in tax implications when converting a rental to a primary residence. Here's my story. I bought my first home in 2003 and rented it out in 2006. Since then I have purchased my current home and plan on selling my primary resident next year and moving back to the rental. When I sell the rental, which will be my primary residence then ( at least for 2+ years), will the 10 years that I have rented out the home have any tax implications upon selling?