Quote:
Originally posted by dtb
So, is there any way to avoid capital gains taxes on the sale of a non-primary residence? I have heard that the answer is a big fat no, however, I'm hopeful that one of my learned (no, no Pepe, it's pronounced "luuuuhrned") colleagues from the FB (Hey! Stop laughing!) will find a handy-dandy loophole from this, the cruelest cut of all.
Taxes suck.
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Can you turn it into an investment property and then buy another one, rolling the gains into the new property? Or go live in it for 2 of the last five years?
