Asking question for mother in law.
Her and her husband built their primary residence 20 years ago for about 200k. Her husband died 3 years ago.
House is selling for $525k..of course there are closing and realtor fees.
I read about the single and married capital gains deductions but wondered how the exception rules would apply here?
I thought there was some math formula for calculating in this situation.
THANKS FOR ANY INFO!!!!!!!!!!😁
