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Reply to "Should I sell my house or rent it out?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Sell it before you lose your capital gains exclusion. [/quote] This^^^[/quote] You can do a conversion, sell it and buy another rental within a certain number of days (60 I think..) this way you roll your appreciation and don't pay tax. You will then continue depreciating a new property. If you want to get out, you can sell the new rental property in a year or two and keep the proceeds from the 1st property appreciation as long as this second property sale is not at loss. Tell me I am wrong, I don't know, but this has been mentioned here before and I heard about conversion sale/purchase multiple times.[/quote]
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