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Tax Free Exclusion on Sale of Principal Residence (Home) Now Reduced If Property Held as Rental Property First

Last post 08-11-2008 1:22 AM by Bill Exeter. 0 replies.
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  • 08-11-2008 1:22 AM

    Tax Free Exclusion on Sale of Principal Residence (Home) Now Reduced If Property Held as Rental Property First

    The Housing and Economic Recovery Act of 2008 contains certain aspects within it other than what the title of the act actually communicates.  A provision contained within the Housing and Economic Recovery Act of 2008 modifies Section 121 of the Internal Revenue Code.  We have posted a complete analysis on the changes to Section 121 on our website. 

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