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Turning a rental property into a personal home (Capitol Gains ?)
My wife and I have had a buy and hold for 4 years. Between improving the property and appreciation we will have a large profit if we sell it. The home is comparable to our current personal residence. My question is, if we were to move to the buy and hold and live in it for 2 years, would that relieve us from all capitol gains on the property if we sold it after that?