Skip to main content
Level 3
March 14, 2022
Solved

If a client lived in a hose as a main home the first two of the last five years and then rent it. When sold can they claim the 250k exclusion?

  • March 14, 2022
  • 1 reply
  • 11 views
She got married 3 years ago and went to live with husband and rented what was her main home for the last two and a half years before she sold it.
This topic has been closed for replies.
Best answer by IRonMaN

You betcha!

1 reply

IRonMaN
Level 15
March 14, 2022

That must be a really big hose.  

She can get the exclusion less a little depreciation recapture.

Slava Ukraini!
Level 3
March 14, 2022

She moved into her husband’s house. So she rented hers. But, I herd they could exclude it, but wasn’t completely sure that is why I asked. Thanks 

IRonMaN
IRonMaNAnswer
Level 15
March 14, 2022

You betcha!

Slava Ukraini!