Demolition before sale jeopardizes real estate tax break

Owner wants $250K exemption for newly built condos
Published on Jan 20, 2005

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by CareyBot

DEAR BOB: My sister, brother and I have owned a family home for about 15 years. I lived there until July 2003, so I am eligible for the $250,000 principal residence sale tax exemption. The house has been for sale ...