Agent

Multiple $250K tax breaks possible on single sale

Good news for unmarried co-owners
Published on Mar 26, 2007

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by CareyBot

DEAR BOB: Please clarify. You often mention a married couple filing a joint income tax return can claim up to $500,000 principal-residence-sale tax-free profits, thanks to Internal Revenue Code 121. But what about two unmarried co-owners of a home who ...

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