If congress passes the proposed tax reform, section 121 exclusion will be bumped up to five out of the last eight years.

Personally I see charging tenants for repairing tenant caused issues however maintenance repairs are exclusively the responsibility of the investor.

Ideally we do not want to be advertising the sub-portfolio units with our parent company’s other units, but instead those vacancies could be listed exclusively on the complex’s own website.

I am assuming the aunt did not live in the property for 2 of the last 5 years, so no Section 121 exclusion.

I'd like to clarify:  I don't/won't live there so I know I cannot use sec 121 exclusion and that's fine. 

I've been working exclusively with @Rachel De Faut in the Wilmington area. 

Maybe members could get an exclusive one that says Big Pocketeer.

To qualify for the Section 121 exclusion, it must have been your principal residence for 2 out of the past 5 years. 

Both the House and Senate tax reform proposals would change the holding period requirement for the Section 121 capital gain exclusion on the sale  of a primary residence from 2 out of the past 5 years to 5 out of the past 8 years. 

I now use exclusively quartz for countertops.