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 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 Thu, 31 Oct 2019 06:39:49 GMT mandy_rombough 2019-10-31T06:39:49Z 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? 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 Thu, 31 Oct 2019 06:39:49 GMT 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 mandy_rombough 2019-10-31T06:39:49Z If you are renting out the property then it can no longer... https://turbotax.community.intuit.ca/community/investments-rentals/discussion/if-you-are-renting-out-the-property-then-it-can-no-longer/01/937252#M5761 <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> Thu, 31 Oct 2019 06:39:51 GMT https://turbotax.community.intuit.ca/community/investments-rentals/discussion/if-you-are-renting-out-the-property-then-it-can-no-longer/01/937252#M5761 TonyC11 2019-10-31T06:39:51Z
This XML file does not appear to have any style information associated with it. The document tree is shown below.
<rss xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:taxo="http://purl.org/rss/1.0/modules/taxonomy/" version="2.0">
<channel>
<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
</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>
<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
</guid>
<dc:creator>mandy_rombough</dc:creator>
<dc:date>2019-10-31T06:39:49Z</dc:date>
</item>
<item>
<title>
If you are renting out the property then it can no longer...
</title>
<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
</link>
<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>
</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>
</item>
</channel>
</rss>