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Do you have to have lived in a home 2 out of last five years to not owe cap gains
Posted on 9/20/25 at 3:08 pm
Posted on 9/20/25 at 3:08 pm
I am thinking about putting the money in the market if i can sell with no capital gains. Nashville property taxes approaching chicago rates
6
Posted on 9/20/25 at 3:14 pm to LChama
It's up to $500,000 for MFJ and I believe $250,000 for single filer.
Posted on 9/20/25 at 3:16 pm to Sho Nuff
What are chances DJT does away with it altogether
Posted on 9/20/25 at 3:18 pm to LChama
Rent it out baw
Property values will never crash again because the elder generations like demoralizing the millenials too much
Property values will never crash again because the elder generations like demoralizing the millenials too much
Posted on 9/20/25 at 3:23 pm to el Gaucho
quote:
Rent it out baw
Have been but.. Ai might be a better investment
Posted on 9/20/25 at 4:14 pm to LChama
quote:
Do you have to have lived in a home 2 out of last five years to not owe cap gains
Yeah
Posted on 9/20/25 at 5:11 pm to LChama
Yes
Posted on 9/20/25 at 5:39 pm to LChama
I have a similar question-
Say someone owns house A and then buys house B. They live in house B for 10 years while renting out house A. They sell house B and move into house A to live in for the next 5 years.
With they own cap gains on either of those home sales if income doesn’t exceed the threshold?
Say someone owns house A and then buys house B. They live in house B for 10 years while renting out house A. They sell house B and move into house A to live in for the next 5 years.
With they own cap gains on either of those home sales if income doesn’t exceed the threshold?
Posted on 9/21/25 at 9:53 am to LChama
Yes, although first $500k is exempt from cap gains. $250k if single.
Posted on 9/21/25 at 10:26 am to TigerTatorTots
quote:
I have a similar question-
Say someone owns house A and then buys house B. They live in house B for 10 years while renting out house A. They sell house B and move into house A to live in for the next 5 years.
With they own cap gains on either of those home sales if income doesn’t exceed the threshold?
My understanding is if you re-establish home ownership for 2 years you would not pay cap gains on either home.
Posted on 9/21/25 at 12:00 pm to el Gaucho
On a side note, I was at a conference at Myrtle Beach and then spent a night at Holden Beach at a friends house…just over NC line.
EVERYONE I saw out and about was around 70. It made me think how many of the vacation property owners were going to be around in 10 years and how many of their kids could afford to maintain or buy their siblings out of a $1M property.
Its going to be interesting to see what that market does when the kids try to cash in on dad or granddads beach house all at the same time.
EVERYONE I saw out and about was around 70. It made me think how many of the vacation property owners were going to be around in 10 years and how many of their kids could afford to maintain or buy their siblings out of a $1M property.
Its going to be interesting to see what that market does when the kids try to cash in on dad or granddads beach house all at the same time.
Posted on 9/21/25 at 12:17 pm to SquatchDawg
Probably section 8 or Mexicans
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