Skip to content
Buying & Selling Real Estate

User Stats

19
Posts
0
Votes
CJ S.
  • Investor
  • Tulsa, OK
0
Votes |
19
Posts

Selling former 20+ year residence after conversion to rental

CJ S.
  • Investor
  • Tulsa, OK
Posted Feb 24 2017, 10:29

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 the property was a primary residence have any bearing on converting it back to a residence before selling and preserving the capital gains exclusion?

Loading replies...