So, both houses wanted to change the rule to exempt $250k of LTCG per spouse on home sales to 5 of 8 years. But...it didn’t make it into the final bill. Those of you who are planning to sell under the 2 of 5 year rule still get the exemption. Great for some of our clients and I hope for you, too!
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Good news in the tax bill - home sales
Our passion is protecting clients and others from predatory and ignorant advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087Tags: None
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Isn’t it 2/5?
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Sorry, typo - corrected. TVM for the catch.Our passion is protecting clients and others from predatory and ignorant advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087
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