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Investors & landlords
Do you have to pro-rate the $250/500K Primary Residence Sale amount by how long it was rented out vs how long it was a primary residence? For example, if the property was owned for 15 years, rented out for 10 years and then a primary residence for the final 5 years, does the 250/500 apply or is it 1/3 of that amount that is exempt?
‎October 12, 2019
7:45 AM