- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Capital Gain Exclusion Question
I purchased my home on 10/1/2008 as my primary residence and lived in it for several years. I converted it to a rental property on 5/1/2017. I then converted it back to my primary residence on 12/31/2022. I then sold the property on 12/31/2024. So it was my primary residence for 2 of the last 5 years. Can the entire gain from sale be excluded from capital gains tax on my federal income tax return since it was first my primary residence before I rented it out?
‎February 21, 2025
7:03 AM