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Financial Planning / Tax Strategies


Subject:  Re: Does home sale exclusion apply to me? Date:  5/3/2000  2:15 AM
Author:  ptheland Number:  35317 of 123001

We purchased our home on in August of '97. I took a job in another state *almost* two years later, and we moved in May of 99. Rather than sell the home (we figured we would return after a few years) we rented the house out (at a significant loss. Just enough to cover our new lower living expenses, rather than the old mortgage) to family.

Well, the family members