|
The Motley Fool Discussion Boards
|
Previous Page | |
|
Financial Planning / Tax Strategies |
||
|
URL:
http://boards.fool.com/they-may-still-be-eligible-for-a-pro-rated-amount-15970868.aspx
|
||
| Subject: Re: Home sale gain exclusion | Date: 10/22/2001 6:39 PM | |
| Author: jailleres | Number: 54756 of 118623 | |
|
They may still be eligible for a pro-rated amount of excluded gains. Comes to about $10,000 per month for the time they were in the house during the 5-year period, if they qualify under the reasons they moved. Check Worksheet 3 on pate 13 of Pub 523 to figure the amount of excluded gain. |
||
| Copyright 1996-2013 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us | ||