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Updated about 3 years ago,
Need Tax Advisor w/ knowledge of Cap Gains Military Clause
I’m looking to sell a property in CA and want to make sure I don’t get slammed with capital gains taxes. I lived in it and then converted it to a rental and need a professional opinion on whether I qualify for the military clause to be exempt from capital gains tax when I sell.
Any recommendations?
I’d prefer someone with knowledge of CA tax law so I can avoid state cap gains taxes as well.