Will I qualify for the real estate exclusion if I sell a few days early?

June 23, 2004

Subject:  Capital Gains
From:  Anonymous
Date:  Wed, 19 May 2004

I will have owned my home for two years on June 25, 2004. If I sell it on June 20, 2004, will I qualify for the exclusion for sale of a residence?

Answer

Date:  28 May 2004

No.

Good luck!
Mike Gray

We have more answers to frequently asked real estate tax questions! We also offer up-to-date information about new tax real estate tax developments in Michael Gray, CPA's Real Estate Tax Letter.



Michael Gray, CPA
2482 Wooding Ct.
San Jose, CA 95128
(408) 918-3162
FAX: (408) 938-0610
Hours: 8am - 5pm PDT Monday - Friday

Find us on Facebook
Follow me on Twitter
Connect on LinkedIn
Our Blog
© 2024

Subscribe to Michael Gray, CPA's
Tax & Business Insight


We respect your email privacy