<title>
topic If you live in a residence for 5+ years and then rent it for 6 years do you claim the sale of the residence as revenue property sale or a principal residence sale? in Investors and rental owners
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<link>
https://turbotax.community.intuit.ca/community/investments-rentals/discussion/if-you-live-in-a-residence-for-5-years-and-then-rent-it-for-6-years-do-you-claim-the-sale-of-the/01/937251#M5760
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<pubDate>Thu, 31 Oct 2019 06:39:49 GMT</pubDate>
<dc:creator>mandy_rombough</dc:creator>
<dc:date>2019-10-31T06:39:49Z</dc:date>
<item>
<title>
If you live in a residence for 5+ years and then rent it for 6 years do you claim the sale of the residence as revenue property sale or a principal residence sale?
</title>
<link>
https://turbotax.community.intuit.ca/community/investments-rentals/discussion/if-you-live-in-a-residence-for-5-years-and-then-rent-it-for-6-years-do-you-claim-the-sale-of-the/01/937251#M5760
</link>
<description/>
<pubDate>Thu, 31 Oct 2019 06:39:49 GMT</pubDate>
<guid>
https://turbotax.community.intuit.ca/community/investments-rentals/discussion/if-you-live-in-a-residence-for-5-years-and-then-rent-it-for-6-years-do-you-claim-the-sale-of-the/01/937251#M5760
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<dc:creator>mandy_rombough</dc:creator>
<dc:date>2019-10-31T06:39:49Z</dc:date>
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<item>
<title>
If you are renting out the property then it can no longer...
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<link>
https://turbotax.community.intuit.ca/community/investments-rentals/discussion/if-you-are-renting-out-the-property-then-it-can-no-longer/01/937252#M5761
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<description>
<P>If you are renting out the property then it can no longer be your principal residence.......</P><P>Therefore when you dispose of the rental, you will be selling a revenue property, presumably for a taxable Capital gain.</P>
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<description>...</description>
<pubDate>Thu, 31 Oct 2019 06:39:51 GMT</pubDate>
<guid>
https://turbotax.community.intuit.ca/community/investments-rentals/discussion/if-you-are-renting-out-the-property-then-it-can-no-longer/01/937252#M5761
</guid>
<dc:creator>TonyC11</dc:creator>
<dc:date>2019-10-31T06:39:51Z</dc:date>
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