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

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
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 ...