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Children, or Allow Your Primary Residence to Pass under Article Five  Form

Children, or Allow Your Primary Residence to Pass under Article Five Form

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this one is from Michael in Colorado my wife and I will both be retired in three years we live in a Mountain Home in Colorado but we have rental property in Arizona our former residents at retirement we would like to claim the Arizona home as our primary residence again for two years to sell it afterwards without capital gains and recapture depreciation the Colorado Home would become our vacation home for those two years we plan an RV on RV traveling a lot and won't spend a lot of actual time in the Arizona home how do we make sure we qualify for the Arizona home as primary residence for those two years with utility bills do we need to change our driver's licenses and vehicle registration to Arizona Etc we will want to return to the Colorado home as our primary residence after so this is something people do try to figure out how to do repeatedly is to get the advantage of the 250 or 500 000 owner exemption for sale of a property where you don't pay the capital g

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