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Financial Planning / Tax Strategies


Subject:  Re: Making Home Sale Capital Gains Disappear Date:  8/24/2000  10:00 AM
Author:  FatCat123 Number:  39062 of 132714

For 15 years I owned and lived in one unit of a two family house, the other unit is rented. I want to occupy the entire house for at least two years and sell it. Will I be able to use the Capital Gains Exclusion on the entire property or will I still be selling two units? Do I have to sell it as a one family to satisfy the IRS rules for occupancy?
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