sale of personal residence in Maine

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  • Unregistered
    #1

    sale of personal residence in Maine

    Does the state of Maine recognize the Federal exclusion of gain on the sale of a personal residence? Also, does it make any difference if the taxpayer is a nonresident of Maine at the time of sale?
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    • Nancy
      Member
      • Aug 2005
      • 38
      #2
      Sale of personal residence

      Maine conforms to the federal rules regarding the exclusion of gain on the sale of a personal residence. It does not matter whether the taxpayer is a resident or a nonresident at the time of sale. Maine Code Sections 5121 and 5122.

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        • jainen
          Banned
          • Jul 2005
          • 2215
          #3
          I agree

          I agree with her.

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