Can a single person meet an exception to the rules for time to live in a principal residence if he or she develops a disability and needs to sell the home?
September 13, 2006
From: Anonymous
Date: Sat, 06 May 2006
Can a single person meet an exception to the rules for time to live in a principal residence if he or she develops a disability and needs to sell the home?
Answer
Date: Wed, 14 Jun 2006
Hello,
Yes. The exception applies to health changes. (Internal Revenue Code Section 121(c)(2)(B).)
Good luck!
Mike Gray
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