We are considering converting our residence we have owned over 20 years to a rental. Would that forever eliminate the opportunity to take the capital gains exclusion if we sell in the future? Does the number of years ...

I was under the impression that 2 years was an all or nothing rule for the capital gains exclusion on your primary, but apparently that's not the case. Does anyone know if this prorated system was just proposed or is ...

I'm selling my house and want to understand the tax implications on the sale, because I have lived in it as well as rented out a portion of it. I've been studying IRS publication 523 and I would like to get some input...

Hello everyone.
A brief intro. I owned an identical 2x3bd floorplan duplex in Sacramento for 10 years and I have plans to sell for a modest profit when RE market gets better. I hope that would be 4-5 years from now.
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Hey All,
Has anyone had any success with having their capital gains tax excluded upon sale of your property after living there for only 1.5 out of the last 5 years?
In Garrett Sutton's book, "Loopholes of Real Estat...

My friend and her parents want to create new living space in their huge detached garage (i.e. turn it into a 3/1.5 house), move into it, rehab their house, and then rent it out.They were considering between taking a H...

Hello BP!I have a question about the Buyer Agreement Form between a buyer (me) and a real estate agent. I have not heard of this form before. In the form, it says I can only work with them exclusively from a specified...

So, I'm in the military and have now moved 3 times in 3 years.  I need advice/validation that I can utilize the US Code 121 Exclusion of gain from sale of principal residence more then every two years if the reason I ...

I’m a new investor starting the process to purchase properties but a agent wants to sign a exclusively deal should i