gensmanpc
New Member

Deductions & credits

Similar situation, my mother moved out of her home of 50+ years in 2020 due to a cancer and Alzheimer's diagnosis. She is already getting the $250k single filer exemption, but the home sold for $500k and the capital gains for fed and state are crazy, and she needs those funds for assisted living. Is there more tax deductible amounts that can be applied due to her move beyond the $250?