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re: Tax question on a home sale - ordinary income vs capital gains

Posted on 3/15/23 at 11:08 am to
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
424489 posts
Posted on 3/15/23 at 11:08 am to
quote:

What specifically is preventing it from being classified as capital gains

I think you're asking about the tax exemption for primary residences, and to get that you need it to be your primary residence for like 2 or either 4 or 5 years or some shite. If you were renting it out, then it couldn't be your primary residence.

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