Can seller claim real estate tax break for vacant lot?

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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 filing a joint tax return). I sold my principal residence in April 2003 and sold the adjoining lot in January 2005 (21 months later). I went to the public library and read all three pages of IRC 121, but I couldn't find the part about tax exclusion on an adjacent lot. Do I qualify? – Marce C. DEAR MARCE: You appear to qualify if you owned and occupied your principal residence at least 24 of the 60 months before its sale. You will find the provision about the tax exclusion for the sale of a vacant lot adjoining your principal residence in IRS Regulation 1.121-1(b)(3). Purchase Bob Bruss reports online. To qualify for the IRC 121 principal residence sale exclusion up to $250,000 or $500,000, the adjoining vacant lot must be sold within 24 months before or ...