Tax Free Profit Exclusion: Prorate For Long Term Rentals That Turn Into Primary Homes

Summary: Unfortunately, sometimes dreams don’t come true. In my quest to simplify life, I was blinded by the belief that the rental property I bought in 2003 would also be eligible for the full $250,000 / $500,000 tax-free profit exclusion if I moved back in tomorrow and lived in it for the next two years before Read More... The post Tax Free Profit Exclusion: Prorate For Long Term Rentals That Turn Into Primary Homes appeared first on Financial Samurai.