Friday, September 25, 2009

A person has lived in nursing home for past 3 years. Can he take advantage of $250,000 capital gain exemption

A person has lived in a nursing home the past 3 years and is planning on selling his house for a gain of 0,000. The person has owned this house only for the past 15 years, but obvisouly has not lived in it. Can he still take advantage of the 0,000 expemtion the IRS allows for capital gains on houses?


View this post on my blog: http://travelnursesuccess.com/a-person-has-lived-in-nursing-home-for-past-3-years-can-he-take-advantage-of-250000-capital-gain-exemption

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