Agent

Fed eases real estate tax rules

Realty tax tips–Part 1: New guidelines for $250,000 home-sale tax exemption
Published on Jan 9, 2004

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by CareyBot

In 2003, the IRS issued new liberalized rules interpreting the $250,000 principal residence sale tax exemption (up to $500,000 for a married couple filing jointly) and the first court case interpreting Internal Revenue Code 121 was decided. Before getting to ...

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