392: The Top Real Estate Tax Strategies Everyone Should Know
Main Street Business
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You Can't Claim Your Sale of Home Exemption Until You Live in It for Two Years
You have to own and live in a property for two years before you can claim home exemption. If three years passes though and you didn't sell it, that sale of home exemption is toast. Youre not to be able to claim it because you didn't live in it. And so if you look at this, it's two out of the last five years. J so say it another way, you lived in it too. You rented it for two years, 364 days. You could sell it and still capture the gain attributed to whenyou lived in it. That's one of the iras regulations that's come out in the last five to ten years,. Is there? Like,
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