Sale of Primary Property and Retal Property Hi,
I bought a house in October of 2013 and rented out my other house that I had lived in since 1994. I have taken a new job and need to move, so I am looking into how to sell both properties without paying the capital gains taxes. My main resisdance falls under moving for a new job and my rental property falls under the 2 of the past 5 years. My question is, can I sell both and get both the breaks? I am married and both properties would be less then 500K.
Thank you in advance for your help.
Regards
Dr Bob |