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Buying & Selling Real Estate

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Edgar Martin
  • Peoria, AZ
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27
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Capital gains on rental?

Edgar Martin
  • Peoria, AZ
Posted Aug 7 2017, 20:38
Hi BP, I have currently owned my property for 6 years and am curious to know if I rent it out for one year, then sell, will I have to pay capital gains since it's been rented for less than two years? Or, since I have already owned for so long, could I avoid capital gains on renting it even if renting for one year? Thank you in advance.

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