House Rules
From WallStreet Journal Mon Jun13House Rules
If you are married and filing jointly, you can exclude a gain of as much as $500k. Conditions are you must have owned the home and lived in it atleast for 2 years. Home owners can take advantage of this every 2 years. The law allows a reduced maxm exclusion if the sale occured because of a change in your place of employment, health reasons or other 'unforeseen circumstances'.
posted by Valli @ 10:49 AM
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