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Owned home for 14 years then rented for a tad over the last 3 years before selling
Hello,
We owned our primary residence for a tad over 14 years. We then rented it for a tad over 3 years before selling it this year. It was rented for a couple months in 2017, all of 2018, 2019 and 2020 and then a couple months of this year.
I have researched it to death and I don't see any way around us having to pay capital gain taxes on the the house (outside of a 1031 exchange which I think we are a bit late on the timing to do now)?
Is that correct or is there anything I might magically be missing in my favor? Thanks in advance.
Keystone20045
Topics:
‎September 23, 2021
8:30 PM