Good morning,I'm selling a rental property which is excluded from capital gains tax under the primary residence exemption.

District customer records are private under District Regulations Section 27 and state law, and exempt from disclosure under sections 6254(c), 6254.16 and 6255(a) of the Public Records Act.Please let me know if you have additional questions."

Real estate mutual funds are exempt from registration with the Securities and Exchange Commission or the SEC, and they are exempt under what is known as Regulation D, Rule 506.

Additionally, they stated the home has homestead exemption, so it is likely an error on the bank's end.

Just a wild guess but I'm betting you don't want to operate a church. https://codes.ohio.gov/ohio-revised-code/section-5709.07(A) The following property shall be exempt from taxation: (3) Real property owned and operated by a church that is used primarily for church retreats or church camping, and that is not used as a permanent residence.

There are a bunch of investors from Calgary who are investing here as they find it more fertile grounds then there local market (So they tell me this)So the take home point is if you want to BRRRR in Winnipeg then you will find amazing deals with buildings that are burnt/plumbing/electrical work needed so you can get exempt from rent control and obtain the cash flow you want.

but all the other sales went through as this was the only one that someone who lost the sale litigated and in CA were its almost all bare land it would be very rare unless its a very high dollar property.. back story on this one it was a property that was the center of a 400 acre new age church .. they had bought the property sub too back tax's and did not think they had to pay them as church's are exempt from property tax.. 

While this may exempt it from being classified as a rental activity, active participation remains a requirement, necessitating compliance with three tests: spending 500 hours on the property, dedicating at least 100 hours (and more than any other participant), and performing all the necessary work needed.Additionally, long-term viability and consideration of depreciation recapture are important concerns.

There is an exemption for 2 assignments, then you'll need to be a licensed real estate broker or salesperson.You'll need to follow all laws/regulations applicable to real estate licensees, such as disclosing your fee up front to the consumer.Virginia Senate Bill 576

You do have to think through your options, you said you wanted to take the 500k tax exemption by selling with the 5 year window.