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Investors & landlords
Ok, then just to be sure: Say you buy a house and rent it for many years, say 10 years. If you want to sell with the full $250k/$500k LTCG exclusion, then you need to move in and use as primary residence for 2 years. Then you need to rent it again say for a year or 2 so that the last inhabitant was a renter. Now you can sell with the full exclusion?
‎September 30, 2022
7:10 AM