Full Timing Accounting Question
We are Full Timers as of Oct 2012. After 2 years prior, unable to sell our primary home or a small 3 unit apartment building in Wisconsin. We finally got a renter for our primary home. Hoping to try t...
Forum Discussion
Bumpyroad wrote:
as I recall, you must occupy that residence 3 of the last 5 years to be able to claim the exemption for a home sale. that exemption might be phased out, according to TV ads.
bumpy
That only matters if you make a profit on it and improvements, remodeled kitchens/baths/finished basements/upgrades etc, are deducted from that.
