Date: Fri, 25 Apr 2004
I am planning to sell my principal residence this year and claim the $500,000 exclusion. If I move into my rental property and use it as a principal residence for more than two years, will I be able to claim the exclusion if I sell the former rental property?
Date: Fri, 30 Apr 2004
Yes. Remember the exclusion doesn’t apply to accumulated depreciation claimed while you rented the property.
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