Agent

No pro-ration if spouse doesn’t meet home occupancy test

Question on capital gain rule for home sale
Published on Dec 22, 2005

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by CareyBot

DEAR BOB: Regarding the capital gain $250,000 exclusion on the sale of a primary residence under Internal Revenue Code 121, I am aware there is a partial exclusion if the seller doesn’t quite meet the 24-month occupancy test. However, I ...

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