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Old 04-19-2014, 02:13 PM
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Join Date: Apr 2014
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Rental to Primary for saving tax on capital gain.

I have a rental property rented out for 2 years now. Can I move in the 3rd year and live for 2 years as primary resident, and sell, and do not incur the capital gain tax, because I would have owned for 5 years and lived for 2 years in it?

Is there any paperwork that needs to be done to declare that this is my primary residence in the third year?



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