DEAR BOB: I bought my home 13 years ago. Ten years ago I was married, but I never added my husband's name to the title. He died recently. I was told I have one year from his date of death to sell my house and get the $500,000 principal-residence-sale tax exemption. I will file a joint tax return for 2006 as we did every year since 1997. Can I claim the $500,000 exemption? --Nancy E.
DEAR NANCY: Did your husband die in 2006 or 2007? The answer makes a big tax difference for you. more...