https://blog.fiducial.com/wp-content/uploads/2019/06/tax-planning_03-1.jpg 200 448 fiducial https://blog.fiducial.com/wp-content/uploads/2019/06/logo-2.png fiducial2015-01-19 23:42:162019-06-24 23:43:28PRINCIPAL RESIDENCE
A taxpayer can exclude up to $250,000 ($500,000 for married taxpayers) of gain from the sale of the taxpayers’ principal residence if they meet the ownership and residence tests. If a taxpayer alternates between two properties, using each as a residence for successive periods of time, the property that the taxpayer uses a majority of the time during the year is ordinarily considered the taxpayer’s principal residence.
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