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Old 04-28-2002, 11:54 AM
roblobo
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Selling rental property/roll over

state-california

when selling a rental property, can you roll over the equity by purchasing another rental property? how long must you rent this "new " property before moving into it and having it become your primary residence?(I'm trying to eliminate capital gains) does the 2 out of 5 year rule of living apply for primary residence? if you depreciated your rental unit and then make it your primary residence, is the depreciation element eliminated in terms of tax purposes?
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Old 04-29-2002, 03:39 PM
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Please post on the Tax Law Board.
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