So I bought a home in 2013. Lived in it for about a year before I moved (>50 mi) for a new job and thus started renting it out as an investment.Then I sold it in 2017. I know you can claim an exemption and not pay the capital gains tax if u lived in it for 2/5 years u owned but can I still get a partial exemption being i used it as a rental property being selling it and since I didn’t own it for 5 years?
You'll need to sign in or create an account to connect with an expert.
Yes, it sounds like you qualify for the Partial Exclusion (assuming you have not excluded another home in the last 2 years).
Yes, it sounds like you qualify for the Partial Exclusion (assuming you have not excluded another home in the last 2 years).
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Alimy22
Level 1
LesleyM
Level 1
sivad70810
New Member
friendassistance
Returning Member
ib012
Returning Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.