Capital gains question

[onestr8]

If I move out of my house that I have lived in for approximately 5 years and lease the house to a commercial or residential tenant (house is already zoned commercial, but grandfathered in as residential) can I still avoid capital gains if the house is sold within the next 36 months?

Thanks for any help you can provide.

 

[LdiJ]

If I move out of my house that I have lived in for approximately 5 years and lease the house to a commercial or residential tenant (house is already zoned commercial, but grandfathered in as residential) can I still avoid capital gains if the house is sold within the next 36 months?

Thanks for any help you can provide.

Yes, as long as it was your personal residence for two of the last 5 years prior to sale, you are eligible for the capital gains exclusion.