Hi, I own a couple of investment properties that are rented out. One is depreciated 5 years and the other about 11. I could live in either one of them.
I haven't done my research yet. But, I will investigate to find if I can live in one of those properties for atleast 2 years and then sell it as a homestead... feeling none of the capital gains pain that comes from selling a depreciated investment property.
Any thoughts Thanks!!
I haven't done my research yet. But, I will investigate to find if I can live in one of those properties for atleast 2 years and then sell it as a homestead... feeling none of the capital gains pain that comes from selling a depreciated investment property.
Any thoughts Thanks!!