Agent

Can seller claim real estate tax break for vacant lot?

Eligibility depends on sale of adjoining residence
Published on Dec 8, 2005

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by CareyBot

DEAR BOB: In a recent article, you said the sale of a vacant lot adjoining an owner’s principal residence could qualify for the Internal Revenue Code 121 tax exemption up to $250,000 (up to $500,000 for a qualified married couple ...

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