Updated about 2 years ago on . Most recent reply
When to sell multiple Live n Flips within 2/5 year timeline for tax free gains
Is there a rule about how many live in flips you can sell and it’s correlation with tax years?
I lived in a property from 2020-2022 and is now a rental if I sell in year 2024 or 2025 I will meet the lived in 2/5 years for tax free gains
I’ve lived in my current home since 2022 and will be eligible for the two year rule in 2024. Now I assume I wouldn’t be able to sell both in the same year but will I still be able to take advantage of both tax free gains if I sell in consecutive years '24 and '25?