Home » Selling Your Home(s): How to Parlay the Up to $250,000/$500,000 Capital Gain Exclusion on Each Residence Sale Into a Tax-Free Nest Egg by Holmes F. Crouch
Selling Your Home(s): How to Parlay the Up to $250,000/$500,000 Capital Gain Exclusion on Each Residence Sale Into a Tax-Free Nest Egg Holmes F. Crouch

Selling Your Home(s): How to Parlay the Up to $250,000/$500,000 Capital Gain Exclusion on Each Residence Sale Into a Tax-Free Nest Egg

Holmes F. Crouch

Published September 28th 2004
ISBN : 9780944817728
Paperback
224 pages
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 About the Book 

This tax guide provides tips for taking full advantage of a law that creates an unusual opportunity to amass a substantial amount of money over a lifetime. Provided they have lived in a home for more than two years, homeowners can avail themselves ofMoreThis tax guide provides tips for taking full advantage of a law that creates an unusual opportunity to amass a substantial amount of money over a lifetime. Provided they have lived in a home for more than two years, homeowners can avail themselves of the Exclusion of Gain from Sale of Principal Residence, which allows them to exclude from capital gain taxes up to $500,000 from the sale of a home. Important regulations related to the law are discussed, including married persons rules, strategies for claiming exclusions, and the effect of divorce on exclusions. Detailed accounts of new IRS regulations are also addressed.