Mike12321
Level 4
03-25-2023
07:04 PM
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Client sold home built in 1970 on 30 acres of land for $750,000.
How much acreage is allowed with the homestead to claim the exclusion on sale of a personal residence?
Can they claim the entire property as part of their home?
Client is 90 and does not know exactly the cost basis of the house they built.
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