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Real Estate & Property Law

: Closing Real Estate in Chicago

Tax Day is Coming...

By Peter Olson, Esq.

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So we all know the rule that if you've used a home as your primary residence for at least 2 of the last 5 years then you know $250k/$500k (single/married) in profit is exempt from capital gains tax upon sale. But even if you don't meet the two year rule, you might be able to shield some of those profits from taxes...here's when.

Full post as published by Closing Real Estate in Chicago on April 01, 2008 (boomark / email).

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