Agent

Three ways to reduce capital gains tax

IRS gives sellers a break when enduring 'unforeseen circumstances'
Published on Sep 2, 2008

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by CareyBot

DEAR BENNY: I was told by a prominent accountant that there is a loophole in the law that states that you can be exempt from paying capital gains (if you are in a home less than the two-year period) if there are "unforeseen circumstances" involved. Are you aware of this? Can you doublecheck to make sure? This accountant is well trusted by a lot of businesspeople! At the time I was going through an "unforeseen" divorce. --Patricia

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