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.

 

Author: Golden Real Estate, Inc.

Golden Real Estate is a prominent member of the Denver/Jefferson County real estate scene. Based in Golden, we service both Denver and Jeffco, representing both buyers and sellers. We're well known for Broker Jim Smith's weekly "Real Estate Today" column published in the Denver and Jeffco editions of the Denver Post's YourHub section each Thursday. The column also appears in several weekly newspapers and is archived at www.JimSmithColumns.com. We have nine agents, all of whom are Realtors and EcoBrokers. Our office is solar powered and several of us drive electrics cars. Known for our sustainable practices, we accept polystyrene (aka "Styrofoam") for recycling, keeping 200 cubic yards per year out of area landfills.

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