Need tax help on Principle Residence Status.
Looking at selling a house. Bought july 2016. Was bought for myself to live in. My work transfer didn’t happen so I rented it out in sept 2016- current.
I have no other principle residence.
Do I pay capital gains on the sale or can I still claim principle residence exception?
I have researched and been told both answers.
Thanks
I have no other principle residence.
Do I pay capital gains on the sale or can I still claim principle residence exception?
I have researched and been told both answers.
Thanks