OK, in the spirit of my oft-repeated assertion "You can't beat a dead horse too often," couldn't Uncle Sammy make the following claim? The married couple take the exclusion on the husband's house, fine. But a year later, when the wife's house is sold, the exclusion has already been taken and it is too soon to take it again.This is what I would infer from the 4th bullet on Page 208 of the Motley Fool Investment Tax Guide 2000, a book written by TMFSelena and somebody else.What I infer from Roy's #31130 is that he thinks both spouses are grandfathered as regards the $250,000 exclusion.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Rat