ered
Level 2
05-06-2021
11:54 AM
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- purchased 13 acres 1974 then built his personal residence now he sold
- a 4 acre parcel I would like to take the sale proceed and use it as part of the exception to
- the sale of personal residence. The land is just there never used for any business
- What do you think
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TaxGuyBill
Level 15
05-06-2021
12:02 PM
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Was the RESIDENCE sold? It is an exclusion for the sale of the Principal RESIDENCE. Attached vacant land may qualify if sold within 2 years of the residence, but the residence needs to be sold.
