 |
Still Confused |
| |
 |
Ms. Lank: I was just reading today's paper and now I'm more confused than ever about two out of five years.If you live in your own home for two years, it is your primary residence and you sell it at the end of two years, is the capital gain then tax free? Up to $250,000 or $500,000 married? |
| |
| |
 |
Yes.The two years must be recent.How recent?No more than five years before the sale.I keep trying to find new ways to explain it. Hope this works. |
| |
|
Edith
Originally published on April 24, 2005 |
| |
| |
|
Back to Summary
|
< Previous | Next > |
| |
|
|
