top of page

Section 121 Gain Exclusion (+ slides)

  • Writer: Brad Konishi, CPA
    Brad Konishi, CPA
  • Oct 17, 2019
  • 1 min read

The section 121 gain exclusion tax rules remain as one of the most important tax rules for homeowners. The rules are fairly simple: A taxpayer is allowed to exclude from gain up to $250,000 ($500,000 for married people filing jointly) if on the 5 year window ending on the date of sale, they 1) Owned the home for at least 2 years, 2) Used the home as their main home for at least 2 years, and 3) May not have used the gain exclusion on the sale of any other home within 2 years. It seems simple, but once you start to apply this rule to the complicated twists and turns of life, then the complexity ramps up.


Check out the slides:


 
 
 

Recent Posts

See All
Kauai Board of Realtors - Slides

https://drive.google.com/file/d/1k5IE2Wu4J_5TkoLs69PldLQvXYYSAeya/view?usp=sharing If you attended the HARPTA presentation for the Kauai...

 
 
 

Comentários


Não é mais possível comentar esta publicação. Contate o proprietário do site para mais informações.

Contact Us

Success! Message received.

bottom of page