Ask an Accountant
A free tool by
Hi there! If the home has been her primary residence for two of the last five years, she can probably exclude all or most of the gain.
The IRS allows single taxpayers to exclude up to $250,000 of capital gains on their primary homes ($500,000 if married filing joint), and Oregon has adopted the same exclusion policies as the federal government.
No answer given yet!
Hi there! If the home has been her primary residence for two of the last five years, she can probably exclude all or most of the gain.
The IRS allows single taxpayers to exclude up to $250,000 of capital gains on their primary homes ($500,000 if married filing joint), and Oregon has adopted the same exclusion policies as the federal government.
No answer given yet!
Keeper Staff
Track and claim every eligible deduction with Keeper
Keeper is the top-rated all-in-one business expense tracker, tax filing service, and personal accountant.