Saundra Lee…, Real Estate Pro in Fremont, CA

How many years must an owner live in their invesment property before selling the rental property?

Asked by Saundra Lee Allman, Fremont, CA Sat Nov 27, 2010

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Answers

1
Hi Saundra,
You can sell the property anytime you wish.

If you are talking about making it your principle residence for tax purposes,.....
From the best of my knowledge you must have lived in it 2 of the past 5 years.
BE SURE TO CONSULT WITH A CPA and verify this info.
I am a real estate broker not a CPA. Tax advice should be answered by tax professionals.

Harold Sharpe - Broker
So Cal Homes Realty
(951) 821-8211
harold@socalhomesrealestate.com
http://www.socalhomesrealestate.com
California Department of Real Estate License # 01312992
0 votes Thank Flag Link Sun Nov 28, 2010
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