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Updated almost 4 years ago on . Most recent reply presented by

Aaron May's profile image
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Aaron May
  • Rental Property Investor
  • from Grand Rapids, MI
  • Member since Jun 15, 2019
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Aaron May's profile image
Aaron May's profile image
Aaron May
  • Rental Property Investor
  • from Grand Rapids, MI
  • Member since Jun 15, 2019
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Aaron May
  • Rental Property Investor
  • Grand Rapids, MI
19
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22
Posts
Tax, SDIRAs & Cost Segregation

How soon do I need to sell home after moving to skip capital gain

Aaron May
  • Rental Property Investor
  • Grand Rapids, MI
Posted

My family and I are going to be moving for work but we intend to keep our current home for a while despite moving to a new home. How soon would I need to sell my current home to qualify for the capital gains tax exemption because we’ve lived in the house longer than 2 years?

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Eric James's profile image
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Eric James
  • Investor
  • from Malakoff, TX
  • Member since May 2, 2017
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Eric James's profile image
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Eric James
  • Investor
  • from Malakoff, TX
  • Member since May 2, 2017
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Eric James
  • Investor
  • Malakoff, TX
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Eric James
  • Investor
  • Malakoff, TX
Replied

Before 3 years have passed since you move out.

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