Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago,

User Stats

159
Posts
121
Votes
Mike Shulman
Pro Member
  • Real Estate Agent
  • orlando, FL
121
Votes |
159
Posts

Primary home tax exemption

Mike Shulman
Pro Member
  • Real Estate Agent
  • orlando, FL
Posted

In order to get capital gains tax exemption for owning a home as a primary residence for 2 years does that home need to be Homestead? I have a more expensive property that I'm moving out of when I'd like to leave at Homestead because it's been in Homestead for years when the taxes would jump a lot. I will be living in the new property but didn't plan to Homestead it. Will that affect my ability to sell it in two years and claimed it was my primary residence? The only thing I have showing I live in the property is a power bill. Any advice would be

  • Mike Shulman
  • [email protected]
  • 407-758-9585
  • Loading replies...