Sale of Home Gain Exclusion

[David]

I want to confirm that if someone meets all the other requirements for the $250K gain exclusion for the sale of their primary residence, that even if they sold a house for more than the amount paid for their new home, that they still get the exclusion.

Thanks.

[lbbwest]

I want to confirm that if someone meets all the other requirements for the $250K gain exclusion for the sale of their primary residence, that even if they sold a house for more than the amount paid for their new home, that they still get the exclusion.

Thanks.

Thank you, I needed to laugh out loud!!! :rolleyes:

[Pacun]

Yes. If you qualify for the exclusion, the IRS doesn't care if you live under a bridge ever after or you move in with your in-laws.

[OldJack]

Lets play nice guys! You might hurt my feelings.