Can you claim partial principal residence exemption on a rental property you lived in?
I have a couple who bought a rental property in 2006 for 17,500.00. They lived in one unit and rented the other 3 until 2015 when they moved into another home. They sold the rental unit in 2016 for 113,500.00. Is there a way to claim partial principal residence exemption for the years they lived there or are they stuck paying capital gains on the entire amount?