Follow-up Regarding Last Week’s Article on Capital Gains Exemption

Last week I wrote about the capital gains exemption of $250,000 for single taxpayers and $500,000 for married taxpayers. I failed to mention (because I didn’t know) that a widow or widower has 2 years after the death of their spouse to sell their primary residence and still take advantage of the higher exemption amount. I thank the readers who brought that to my attention.

 

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Author: Jim Smith, Broker

Jim Smith is best known for his weekly "Real Estate Today" column published on the Real Estate page of The Denver every Saturday and in 24 metro area weekly newspapers the following Wednesday or Thursday. Individual articles are also published at http://RealEstateToday.substack.com. Over a decade of the columns are archived at www.JimSmithColumns.com.

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