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Updated almost 6 years ago,

User Stats

8
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0
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Ange Johnson
  • Woodland Park, CO
0
Votes |
8
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Capital Gain 121 Exclusion

Ange Johnson
  • Woodland Park, CO
Posted

Wanting verification that I am reading Capital Gains Exclusion 121 Code correctly.

We bought a property 8/15 for $175k.  We were primary residents (30 months) until 4/1/18 when we rented the home until current.  We are considering selling the home but are unclear if we need to have owned the property for a minimum of 5 years.  (We would anticipate a closing date in April, so we would have only owned the property for approximately 44 months.

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