Quote:
Originally Posted by Robbob
<stuff>
|
You'll need to figure out what the value of your place was when you moved out. You are allowed to claim it as your principle residence up to that point. Then it underwent a change of use.
You will need to declare the gain from that point to when you sold it.
__________________
"The problem with any ideology is that it gives the answer before you look at the evidence."
—Bill Clinton
"The greatest obstacle to discovery is not ignorance--it is the illusion of knowledge."
—Daniel J. Boorstin, historian, former Librarian of Congress
"But the Senator, while insisting he was not intoxicated, could not explain his nudity"
—WKRP in Cincinatti
|