Posted by Jon_FL on October 17, 2003 at 21:46:13:
is not very long for lease and little money is left to excercise option. with a 80% down, why bother to dress it up. Did you live in this home for 2 years prior to sale? If so, it is exempt anyway. On something small,may go below the radar…if you are talking big money, this will probably bre considered a sale. Good rule of thumb is if it closely resembles a sale it will be treated as a sale!