Discussion:Sale of principal residence
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| {{ForumReplyPost|UserID=Jsanchez|Date=17 November 2005|Text=Sale must be the year the husband died.}} | {{ForumReplyPost|UserID=Jsanchez|Date=17 November 2005|Text=Sale must be the year the husband died.}} | ||
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| + | {{ForumReplyPost|UserID=Snooks|Date=17 November 2005|Text=Be careful, wasn't there a law change that requires 5 year ownership? I am pretty sure that was just covered in the tax seminar I attended. | ||
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Revision as of 21:36, 17 November 2005
Discussion Forum Index --> Tax Questions --> Sale of principal residence
| 15 November 2005 | |
| Husband and wife own and lived in their principle residence for the last four years. Husband passed away this year. If the wife sale the house next year is she still entitled for $500,000 exclusion under IRS section 121? Or she has to sell it this year (the year that husband died). | |
Budrok@Aol.com (talk|edits) said: | 16 November 2005 |
| Must be able to file Joint with deceased spouse (meaning the year he died has to be sold | |
| 17 November 2005 | |
| Be careful, wasn't there a law change that requires 5 year ownership? I am pretty sure that was just covered in the tax seminar I attended. | |
