Updated almost 5 years ago on . Most recent reply
Capital gains question
My wife and I have a duplex purchased in November 2013 and lived in 1 unit and rented the 2nd unit until October 2019 when we purchased a Condo to live in as permanent address. We're looking to sell Condo after 2 years and make a profit of around $50,000. We also are thinking of selling the duplex since it has almost doubled in value and would make a profit of $100,000 and relocating out of the area. My question is can I claim capital gains exclusion on both properties at same time. I would have lived in Condo for 2 years and also lived in duplex 2 of the last 5 years.