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?
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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).
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