To take advantage of the primary residence exemption don't you have to NOT call another property your primary residence while you are away from it otherwise an apportioned capital gain liability will result? For example, while you are away from your primary residence you rent another property and you're good to keep the exemption. That wasn't exactly clear in the conversation. Also a good idea is to get valuations at critical points along the way incase you change your mind about the future use of the property.
To take advantage of the primary residence exemption don't you have to NOT call another property your primary residence while you are away from it otherwise an apportioned capital gain liability will result? For example, while you are away from your primary residence you rent another property and you're good to keep the exemption. That wasn't exactly clear in the conversation. Also a good idea is to get valuations at critical points along the way incase you change your mind about the future use of the property.
You can rent your home for up to 6 years move back and sell in tax free
Wash sale? Hold on buddy!
Who said wash haha we said sell and buy back. When is up to you