ANSWERS: 1
-
I do not believe there would be any capital gains taxes for 2 reasons if this has been her primary residence for 2 of the last 5 years: 1)The profit would be less than $250,000 or is the figure $500,000. 2)She would be purchasing an aditional property as her main residence within the specified time. An excellent web site would be: www.irs.gov
Copyright 2023, Wired Ivy, LLC

by 