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Financial Planning / Tax Strategies


Subject:  Re: $500,000 Home Sale Exclusion Date:  5/6/2004  4:45 PM
Author:  Anon103 Number:  71759 of 127616

My understanding is that the house on which you get the exclusion must be your prinmary residence. If you are renting it to someone else, it is no longer your primary residence, so you will not qualify for the exclusion. Instead of trying to beat the system, why not just sell your house, buy a new one, live in it for two years, and repeat that legitimate process....
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