I moved from my primary residence becuase of job relocation 4 years ago and have rented that home ever since and am selling it now – since I moved for the job, do I still qualify for the reduced exclusion even though I moved 4 years ago?
Tag Archives: exclusion
Rental Property Sale Tax?
Posted in Homes For Sale
Tagged becuase, exclusion, Home, job, Property, property sale, Relocation, RENTAL, rental property, RESIDENCE, sale, tax
Can I avoid How can I avoid paying capital gains taxes on a house I’ve lived in for 18 months?
I want to move before the 2 year “residenancy” period, but am willing to pay the mortgage on the house while renting another place to live until the 2 years is up. Also, what unforeseen circumstances qualify for capital gains tax exclusion? Does having a baby and not being able to afford to stay in the house qualify? The bottom line is I am deseprate to move but don’t want to screw myself by owing Uncle Sam a huge amount of money on my home sale.
Posted in Homes For Sale
Tagged amount of money, Baby, bottom line, Capital, capital gains tax, capital gains taxes, exclusion, having a baby, house, mortgage, period, Place, residenancy, Sam, tax, tax exclusion, uncle sam, unforeseen circumstances, year
Home sale: maximum life time exclusion $500,000 each time or culumative of $500,000?
Can you help clearify what the maximum lifetime exclusion on home salemeans?
Does it mean a $500,000 maximum exclusion each time there home
sale or does it mean up to a total of $500,000 maximum exclusion for all of the home sales combined?
Posted in Homes For Sale
Tagged clearify, exclusion, Home, life, life time, lifetime, maximum, maximum life, maximum lifetime, sale, time
Rental Property Sale Tax?
I moved from my primary residence becuase of job relocation 4 years ago and have rented that home ever since and am selling it now – since I moved for the job, do I still qualify for the reduced exclusion even though I moved 4 years ago?
Posted in Homes For Sale
Tagged becuase, exclusion, Home, job, Property, property sale, Relocation, RENTAL, rental property, RESIDENCE, sale, tax