Homeownership And Taxes: Things Taxpayers Should Consider When Selling A House
IRS explains in Tax Tip 2021-23 the application of IRC Sec 121- Exclusion of Gain on Sale of a Principal Residence, $250,000 per spouse--keep in mind that the home must be your Main Home and you must BOTH Own and Live in it or use it for at ;least 2 years, 34 months or 730 days in the 5 ye...
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