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Tax, SDIRAs & Cost Segregation

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Ben Pohle
  • Lender
  • Phoenix, AZ
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10
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Capital gains exclusion 2 year rule

Ben Pohle
  • Lender
  • Phoenix, AZ
Posted Oct 26 2016, 19:09

if I were to purchase a property as a primary residence, reside in it for 2 years, then rent it out for 2 additional years and sell it at the end... 

Will I still be exempt from capital gains up to $250k single/$500k joint filer, or does that get "wiped out" after it became a "business?"

Assuming no other exclusions from capital gains within that time frame.

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