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Get your taxes done using TurboTax
Bought a primary home in GA in 08/2008. A job change forced move of 400 miles to FL in 11/2010. Lived i home 27 months.
Converted to rental in 2011. Used a rental agent due to the distance. We set our rents, approved tenants, authorized repairs over $200. Agent accepted applications, accepted rents, deducted repairs from rents, forwarded net rent to us monthly, We sold this home in 08/2020. We have been renters ourselves since 2011.
Can we used Safe Harbor Rule Exceptiion or any other exceptions from the capital gains of the home sale?
Thank you!
March 27, 2021
9:55 PM