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Updated over 6 years ago on . Most recent reply

User Stats

25
Posts
12
Votes
Adam Burns
  • Rental Property Investor
  • Danville, PA
12
Votes |
25
Posts

To Tax or Not to Tax??

Adam Burns
  • Rental Property Investor
  • Danville, PA
Posted

I am currently doing a rent to own in my primary residence, and I’ve been living here for the last 3 years. I will officially own the house within the next year and plan to sell it; will the profits be taxable? I see people referring to living in a house for at least two years so the profit is not taxable, but would this not apply to me since I’m doing a rent to own?? I’m located in PA. 

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