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#1
08-30-2006, 09:43 AM
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Capital Gains question in California.
I have a property that I lived in from 1999 to 2003, then rented out from 2003 til current. If I want to sell that property, will I get hit with capital gains since I lived there 2 out of 5 years? Then I also want to sell my primary residence that I acquired in 2003 which I lived there from 2003 til current. Can I avoid capital gains on both?
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