re: figuring capital gains taxes:
When the tax law was changed so that rentals can no longer be sold as owner occupied residence without prorating the time between rental and owner occupied... does anyone know if that law is retroactive or if the prorated value only applies after the date the law was changed?
I'm about to sell a rental that I have lived in about half the time i have owned it and rented it out the rest of the time. I'm trying to decide whether to sell it as owner occupied or try to do a 1031 with it.
None of my research has turned up any information on this and I can't decide how to list it for sale.
--98.146.xxx.xxx