Can we claim $500K tax break if renting to tenants?

Couple learns tax implications of selling primary home, rental
Published on Sep 20, 2007

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by CareyBot

DEAR BOB: We have rented out a legal apartment in our primary residence for 17 years. My wife and I intend to sell our house and shelter $500,000 of our gain. In order to do so, must we be “tenant ...