The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Condo sale exclusion?||Date: 7/28/2011 9:19 AM|
|Author: Goofyhoofy||Number: 113817 of 121187|
Then when the dust settles he can reap the rewards of DIY estate planning, the gift that keeps on giving, and hire someone to see if (s)he can come up with a theory through which they can say the profit was entirely his.
That's pretty much my take on it too. He's always one to save a nickel and end up spending a dollar.
They only need one name and SSN
Both names are on the deed, so they are insisting that both names be listed on the document as well. Having read through all the relevant IRS docs I can find, I don't find anything that allows her to exclude, but I thought I'd ask and see if anyone else had any theories.
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|