The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/sale-of-home-cap-gain-exclusion-14475431.aspx

Subject:  Sale of Home Cap Gain Exclusion Date:  3/5/2001  9:00 AM
Author:  Nathar Number:  47682 of 121565

We live in a duplex home where we live in one half and rent out the other half. If we live 2 1/2 years in one side, and 2 1/2 years in the other side, and then sell both, can we exclude the capital gain on both sides of the duplex?

What if we convert the duplex to condos, live in one side for 2 1/2 years and then sell it. Then, move to the other side and sell it 2 1/2 years later, can we exclude the capital gain from both sales?
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us