Sale of Home

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  • Donanita
    Senior Member
    • Aug 2005
    • 250
    #1

    Sale of Home

    Client sold their home which was their house and 22 acres for 660,000. Nothing was allocated as this was a package deal. Will they get the 500,000 exclusion even though there is 22 acres involved?
    Tags: None
    • Jesse
      Senior Member
      • Aug 2005
      • 2064
      #2
      Yes, as long as it was a primary residence and all other qualifying tests are met.
      http://www.viagrabelgiquefr.com/

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