Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 03-24-2008, 06:25 PM
Junior Member
 
Join Date: Mar 2008
Posts: 4
If the Ownership/Use Test are not met, can the gain on sale of home be excluded?

I was wondering whether or not there are exceptions to the having to be pay for the Gain on the Sale of your home, if you have not met the Ownership and Use Test?

It appears that we were forced to sell our home and did not meet the required tests of Ownership and Use Test. Any help would be welcome. Thank you....




Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
What requirements must be met in order to qualify as an S-Corporation? TaxGuru S-Corporation 0 03-12-2008 08:30 PM
Home sale cap gains in divorce non-resident marycapecod Capital Gains 2 12-27-2007 04:11 PM
Capital Losses on the sale of Second home turned into Rental Property? emc2005 Capital Gains 1 07-30-2007 05:52 PM
Can u write off a loss on sale of home? mongrel Capital Gains 1 01-27-2007 12:01 AM
Sale of Principal Home Adam Capital Gains 1 01-16-2007 10:04 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning