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Capital Gains on Selling a house to my LLC

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J

justinl

Junior Member
OREGON - Can I sell a house that I lived in for two of the past five years, to an LLC that I am a member of (not sole member, though) and get the Federal Capital Gains exemption on home sale (profit is less than $250K)?
 


H

HomeGuru

Senior Member
justinl said:
OREGON - Can I sell a house that I lived in for two of the past five years, to an LLC that I am a member of (not sole member, though) and get the Federal Capital Gains exemption on home sale (profit is less than $250K)?
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**A: this is not the Tax Law forum.
 
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