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Updated almost 7 years ago,

User Stats

13
Posts
4
Votes
Doug Dattawalker
  • Investor
  • Tracy, CA
4
Votes |
13
Posts

Personal residence exemptions- time frames

Doug Dattawalker
  • Investor
  • Tracy, CA
Posted
Hi all, I have a rental that used to be our primary residence. We moved out 3yr 2 months ago. So we have missed the 2 of the last five part of the rule. Is there a sliding scale for capital gains taxes for the next two years until the 5 years is gone? We would like to limit our taxes paid. Our property is in California if that helps. If there is no way around it we might look into a 1031 exchange. Thanks in advance! Everyone here is awesome!

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