Hello all,
First time ever selling a home and I’m a little lost. I’ve been in real estate since 2014 but mainly I’ve been a landlord. But d/t circumstances I’m having to sell a property.
This property was purchased in June of 2016, as my primary residence. Which I lived in until July of 2018. Since then I’ve moved around for reasons and this property has been rented. I once again occupied this property as my primary residence from February of 2021 until February of 2023. My question is, if I were to sell this property, will I need to pay capital gains tax on my proceeds?
Additional information: I live in the US, state of Indiana
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source https://www.reddit.com/r/RealEstate/comments/15ax22d/capital_gains_taxes_on_selling_of_property/
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