Posted by Eric - GA on October 14, 2003 at 21:22:57:
I don’t know how to do exactly what you’re looking for but you can…
Lease/Purchase the home out to a buyer for a top-of-market price. You’d have 3 years to get someone to close on the purchase and still avoid capital gains.
Rent it out for as long as you want, then, when you’re ready to sell, move back into it for a couple years and sell tax free.
Rent it out for a few years or more, do a 1031 exchange from it into a property you’d like to live in later, but rent it out now, then move into that house for a couple years and sell tax free (or retire there, having never paid taxes on your gains).
The least desirable way to increase the basis for your property is to DIE, but that would get it done as well.
Eric - GA