TITLE

Key Tax Planning Considerations for the Sale of a Residence

AUTHOR(S)
Valachi, Donald J.
PUB. DATE
April 1996
SOURCE
Journal of Financial Planning;Apr96, Vol. 9 Issue 2, p68
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article focuses on several tax planning considerations that may permit individuals considering either marriage or divorce to maximize the use of the one-time $125,000 exclusion. Also reviewed are planning considerations for older homeowners wanting to sell their home and trade down to a smaller home. The final section of this article examines the situation of a homeowner's desire to convert a principal residence into a rental property in order to deduct a loss on a subsequent sale of his o her home.
ACCESSION #
5561522

 

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