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Level 1
November 11, 2024
Question

Converted Primary residence 1985

Primary residence purchased in 1985, converted to rental in 1990. Converted back to Primary residence in 2024. Need help finding rules impacting sale in the future.

I remember reading something previously that homes owned prior to a certain date were treated differently than homes after that date however unable to find reference to that know. It was a difference in being able to count as Primary residence sale without condition of rental years and being able to use Primary residence sale exclusion.

    1 reply

    Level 15
    November 12, 2024
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