I rented out my home and lived in a house i rented 20 yrs. I freshly sold my house. Will I owe wherewithal gain?
Answers:
Bill Clinton passed the tenet where on earth you call for to be contained by your home for 2 of the later 5yrs.
it wishes to be your principal residence for 2yrs.
yes
Was it a multi-unit? Did you live in quantity and rent part of a set of it? If so, later if you reinvest in another property inside 45 days of reception money from the mart of the house next you don't rate taxes on the funds gain. A time longer, later yes you do...