The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/we-owned-and-lived-in-it-since-1999-moved-in-may-30397613.aspx

Subject:  Re: Loss on rental house Date:  11/24/2012  7:28 PM
Author:  TMFPMarti Number:  116963 of 123001

We owned and lived in it since 1999, moved in May 2010 and rented it out since then. Sold August 2012.

Everything I have read so far says we can take the loss on the sale of the rental house. I have NOT yet found anything about the "lived in it for two out of the last 5 years" rule mentioned in the above quote.


The quote,