California  |  Real Estate Law

Legal Question

Asked on: 7/25/13, 9:07 am

We purchased a California primary residence in 1979 under Prop13. Husband and I moved to a rental in 2007; daughter remained in house. We rented out house starting in 2011. If we sell in 2013, do we lose the Prop 13 carryover and our income tax exclusion? (We are both over age 55)

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