TaxMamas TaxQuips: Tax Quips

TaxMamas TaxQuips: Tax Quips


Sale of Inherited Home

November 05, 2009

Today TaxMama hears from Dottie in Massachusetts with this question. “Does the maximum personal residence exclusion apply to someone who inherited a home, had it for 370 days, sold it for a long-term capital gain and received a K-1? He and his dad had