QUESTION
If I live in a home for 6 years, rent for 3, can I move back in, sell and take advantage of the 55+ rule?
Asked on Nov 16th, 2014 on Residential Real Estate - Colorado
More details to this question:
Do I have to move in before the 3 years of renting (i.e. move back in after 2 years 11 months?)
1 ANSWER
3 Awards
I think the rule that you are referring to is that you must live in the home 2 of the last 5 years to sell the home and claim as a sell of your residence for tax purposes.
Good Luck!
Answered on Nov 17th, 2014 at 1:04 PM
Call Don at (303) 688-0944 or email at Reception@RobinsonandHenry.com This information is provided AS IS; and does not create Client Relationship.