Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago on .
Most recent reply
presented by
2 out of 5 year rile
Good evening,
So I have a question about this rule. I am looking into selling my house. I bought it in February 2017 and lived in it until February 2019 (2 years). I rented it out since mid February 2019 to this day. Now in order to get the tax exclusion I have to sell the house no later than February 2022. Selling it after February (i.e. June 2022) will prevent me from getting the tax excluding, correct? Thanks in advance!
Most Popular Reply
#2 Tax, SDIRAs & Cost Segregation Contributor
- CPA, CFP®, PFS
- Florida
- 3,178
- Votes |
- 3,889
- Posts
#2 Tax, SDIRAs & Cost Segregation Contributor
- CPA, CFP®, PFS
- Florida
Originally posted by @Dennis Guinto:
Good evening,
So I have a question about this rule. I am looking into selling my house. I bought it in February 2017 and lived in it until February 2019 (2 years). I rented it out since mid February 2019 to this day. Now in order to get the tax exclusion I have to sell the house no later than February 2022. Selling it after February (i.e. June 2022) will prevent me from getting the tax excluding, correct? Thanks in advance!
Correct
- Ashish Acharya
- [email protected]
- 941-914-7779
