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Updated almost 2 years ago, 03/04/2023

User Stats

98
Posts
100
Votes
Adeva Edobor
  • Banker
  • Huntington Beach, CA
100
Votes |
98
Posts

Tax Exclusion on Sale of Primary Residence

Adeva Edobor
  • Banker
  • Huntington Beach, CA
Posted

I lived in my primary residence for 1yr and 9months since I owned it (I was a tenant in the same house for 2yrs prior to owning it) then I turned it into a rental. If I sell it within 5yrs from owning it, would I be able to exclude the tax on the gains up to $250,000

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