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Financial Planning / Tax Strategies


Subject:  Sale of Home Cap Gain Exclusion Date:  3/5/2001  9:00 AM
Author:  Nathar Number:  47682 of 127519

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?
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