New answers tagged rental-property
1
vote
If I move into a home I own but allow existing renters to remain can I start the clock on partially avoiding capital gains?
"The Section 121 ... exclusion allows you to exclude from taxable income $250k ($500k if married filing jointly) of capital gains if you’ve lived in the property as an owner-occupant for the ...
3
votes
If I move into a home I own but allow existing renters to remain can I start the clock on partially avoiding capital gains?
The capital gains subject to exclusion are not per calendar days you live in the property, since no-one can actually attribute your gain to a specific date. Instead, it is being prorated.
For example, ...
- 134k
0
votes
Why does it seem the best way to make a living is to invest in real estate?
Think of real estate as an investment like stocks. However unlike stocks, which is more akin to gambling and luck, there are 2 main differences.
Real estate is more of a skill than just gambling. ...
- 101
Top 50 recent answers are included