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Financial Planning / Tax Strategies


Subject:  Re: One more time! Please help!! Date:  2/27/2001  12:37 AM
Author:  Bob78164 Number:  47288 of 127753

JABoa writes (in part):

Then, his problem is to decide whether any additional gain outweighs the diminution of the exclusion if he waits beyond those 9 months.

I reply:

If I understand the facts correctly, the exclusion isn't "diminished" in 9 months; it disappears entirely because the poster will no longer have used the house as his or her principal residence for 2 of the last 5 years. I do not believe this requirement can be pro rated. --Bob
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