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Old 09-21-2004, 11:01 AM   #2011
dtb
I am beyond a rank!
 
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Join Date: Mar 2003
Location: Appalaichan Trail
Posts: 6,201
Tax Advice Needed!!

Quote:
Originally posted by Mmmm, Burger (C.J.)
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?
Good one. Much like the following helpful golf tip: If you find you're really not improving after a lot of practice, etc., go back and take up the game at a much younger age.


But seriously folks...., I was looking at the IRS website last night (good times, good times), and I think I saw that the two-year time period doesn't need to be contiguous. SO...if I've spent 730 days of the last five years there, does that count?

Last edited by dtb; 09-21-2004 at 11:06 AM..
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