Updated almost 17 years ago on .
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Can an LLC agent satisfy primary residence requirement?
Quick question -
If an investment property (in this case a fourplex) is purchased by an LLC consisting of 3 people and one of those people lives in one of the units for two years, can the LLC then avoid paying capital gains tax upon sale since one of the agents of the LLC has satisfied the 2 year primary residence requirement by the IRS? Thanks in advance for your help