Previously use exemption from old Rules

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Real Estate Broker Owner with Keller Williams Team Realty

If the taxpayer has used their exemption on a previously owned residence, voila, you get to use the exemption again as long as you meet he rules of the exemption. Isn't the IRS great?

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irs taxes exemptions personal residence marketing listing selling

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David Spencer

Chicago Area Commercial-Residential R.E.
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Real estate topics on better business performance, education, advanced techniques for selling/buying residential, commercial and investment real estate; 1031 tax deferred exchange, licensing; anecdotes and stories to ponder.