Can a deceased t/p use the first time gain exclusion on sale of residence?
Sold home 03-21.
Died 04-21
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Without quoting law I would say of course. Final individual return and estate or fiduciary returns are separate items and obviously separate dates.
Edited.
Didn't see the dates when I first answered.
If the home sale closed 3-21. before death, his qualification for the exclusion would be the same if anyone else.
Yes if he qualified on the sale date.
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Look at the dates. It was sold before he died.
Got it. Thanks.
Thanks
