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Level 3
February 14, 2025
Question

Can I exclude whole gain as Primary Residence Gain Exclusion?

  • February 14, 2025
  • 1 reply
  • 5 views
Owners of six unit apartment building lived in this building more than two years. Building was sold for $300,000 gain. Can they exclude whole gain as Primary Residence Gain Exclusion?
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    1 reply

    sjrcpa
    Level 15
    February 14, 2025

    Were all 6 units their personal residence?

    The more I know the more I don’t know.
    IRonMaN
    Level 15
    February 14, 2025

    There you go asking those tough questions 😁

    Slava Ukraini!