Can I move into my other unit of my owner occupied duplex 2 years before sale to get the tax exemption on the full property instead of just half?
I live in an owner occupied duplex. The units are stacked on top of each other, so the size and layouts are pretty much identical. My understanding is that for tax purposes, the units are basically treated as two separate properties. Upon sale, assuming I lived in one unit for 2 of the last 5 years I could get 125K capital gains tax free. However, since the requirement for the capital gains exemption is to have lived in the unit 2 of the last 5 years, could I theoretically, live in the bottom unit for 8 years, move to the upper for 2 years, then sell and get the full exemption (250K), treating both as primary residents since I will have lived in both units in 2 of the last 5 years?
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source https://www.reddit.com/r/RealEstate/comments/k48pbn/can_i_move_into_my_other_unit_of_my_owner/
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