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To: Suma who wrote (20951)3/24/2005 3:17:40 PM
From: Peter Dierks  Respond to of 78582
 
Two of the last five years. If you find a great value, you can live in it, then rent it for up to three years and still take the deduction. You could be in your next tax break while you are getting cash flow from the last one. Under one scenario you could have two former primary residences rented and preparing one for sale. Assuming you would rent a house you would live in. In resort communities, this is easier than in the Great Plains region where I choose to live.