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Can I Claim Section 121 Exclusion For My inherited Home?
I inherited my dad's house. I had lived there since 2017 until 2024 I sold out that house. My dad passed away in July 2020, I can provide Deed Transfer, and appraisal of 2021, etc. To approve I owned that house and lived there for at least 2 out of 5 years, what documents do I need to prepare my tax return? I got married in 2022, my husband moved in that house. Do I meet the $500000 exclusion?
‎February 24, 2025
6:29 AM