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: North Carolina Estate Planning BlogCapital Gain Limited for Former Vacation Homes
By Gregory Herman-Giddens
Effective January 1, 2009, the $250,000 capital gain exclusion ($500,000 for married couples) for sales of former vacation homes that become one's personal residence will be limited. This posting by Charles Rubin provides a good explanation to the changes to IRC Section 121.
Full post as published by North Carolina Estate Planning Blog on October 03, 2008 (boomark / email).
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