Agent

Principal-residence rule puts snag in seller’s tax deduction

Can seller still qualify for $500,000 exemption?
Published on Sep 27, 2004

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by CareyBot

DEAR BOB: I’ve read several articles you wrote in 2001 and 2002 about the Internal Revenue Code 121 $250,000 principal residence sale tax exemption (up to $500,000 for a married couple filing jointly). Is that tax law still in effect? ...

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