4 unit as personal residence - Posted by db

Posted by BTI on November 11, 2006 at 13:27:43:

db

I’m assuming you would own all four units, in which case you can only exempt the gain on the portion that was your personal residence.

BTI

4 unit as personal residence - Posted by db

Posted by db on November 11, 2006 at 09:25:11:

If I live in a four unit building for two years and then sell, will I have to pay capital gains or is that the same as selling a personal residence with the two year exemption? Thanks

db