Converting primary into a rental question?

[Huso Akaratovic]

Greeting folks, I have a question for all of you great people on this forum. Maybe I am looking into this too much and over analyzing things and possibly confusing myself. Anyways, my question is: I have a primary single family residence that I have lived in for 3 years now. My goal from the beginning was to sell it after 2 years and avoid capital gains. I wanted to listed for sale this year, but I started considering an option of possibly renting it out. So, if I rent it out for 2-3 years and then decide to sell it. Do I still qualify for the exclusion of the capital gains? Thank you everyone!

[Vee K.]

@Huso Akaratovic , I believe you are referring to Publication 523 of the IRS code. If you used the property as a primary residence for 2 out of 5 years then you should be alright with not paying any capital gain tax up to the limit your situation qualifies for.