Military Capital Gains Exemption
I have a home that I bought while I was active duty. I lived in it for 2 years prior to turning it into a rental property. After I moved out, I separated from the military. I am past the 5 year mark since living in it. Reading up on the 2 out of 5 rule that can be extended up to 10 years for PCS moves, does that also apply to separation? Looking to see if I can just sell and not pay capital gains, or if I'll need to 1031.
Thank you!
Chris