All Forum Posts by: Daniel James

Thanks Steven!

Hey guys,

I am a new AZ resident selling a property in Colorado that qualifies for section 121 exclusion of the IRS code. The property was our primary residence from March 2010 to June of 2013. After that date, it was a rental property until now (we close mid April).

I am under the impression that if I qualify for the section 121 exclusion, I would also be excluded from the CO 2% withholding by filling out a Colorado DR 1083 and marking principal residence. Is this correct?

This is what it says about the DR1083 exclusion I think I qualify for:

The reason why I am confused is because our residency of "2 out of the past 5 years" for the 121 exclusion is front loaded. "Primary residency" isn't exactly spelled out in the DR1083.

Does anyone have any experience with this?

Thanks in advance!

Thanks Anson! It was great meeting all of you too. Hopefully I can be at the next meet-up!

Hey Grant and Anson,

Grant, I live in North Denver on 104th. I'm interested to learn about rehabbing. I'm sure this site will inform me more than I'd like to know. :)

Anson, That sounds fun. I'll check my schedule and see if I can make it down there after work on Tuesday.

Thanks for the welcoming!

Hello Everyone,

I found this site last night and am very happy I did, as I share many interests with the community.

A little about myself, I'm a Denver transplant (originally from Oklahoma, Go Thunder! Boomer Sooner!) and an active snowboarder. My day job is in Software Application Development.

My real estate background is very slim, as I only own one home - my primary residence. I plan to turn this into my first rental in Spring of next year. I'm here for advice, information, and to possibly build a network with many of you professionals.

Thanks for having me!

-Dan