Ask Allan Forum
Get expert answers to your tax questions straight from Allan, our owner and experienced CPA. It’s free, direct, and designed to help you make the best decisions when it comes to your taxes.
Notifications
Clear all
Mar 16, 2017 4:17 am
Hello,
I bought the house august 2007 and lived until December 2010 as my principle residence, from January 2011 to until June 2016 the house was rental property and I sold the house June 2016 with $ 75000 Gain. Now question is can I exempted all capital gain under section 121. Could you please advise me?