Converting primary into a rental question?
Greeting folks,
I have a question for all of you great people on this forum. Maybe I am looking into this too much and over analyzing things and possibly confusing myself. Anyways, my question is: I have a primary single family residence that I have lived in for 3 years now. My goal from the beginning was to sell it after 2 years and avoid capital gains. I wanted to listed for sale this year, but I started considering an option of possibly renting it out. So, if I rent it out for 2-3 years and then decide to sell it. Do I still qualify for the exclusion of the capital gains? Thank you everyone!