Excluded Gain from Sale of Home - General - Posted by Brantley

Posted by Brantley on January 17, 2004 at 11:30:40:

This might be more of an accounting ? than legal ? I think. If you live in a house for 4yrs and bulldoze that house completely and build a new home, would you meet the time requirement to receive the entire exclusion ($250,000 single or $500,000 marrried)if you immediately sold the property for a large gain?