Is it correct that you need to reside in your home 3 out of
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Question : Is it correct that you need to reside in your home 3 out of 5 years in order to qualify for the $250k capital gain exclusion for a single individual? <br /><br /> Answer : <p>Per the IRS website (https://www.irs.gov/taxtopics/tc701), please note the following:</p><p><u><strong>”Qualifying for the Exclusion</strong></u></p><p><u><strong>In general, to qualify for the Section […]
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