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@29732010 wrote:
Can we use the $250000.00 exclusion of the capital gains because our daughter lived in the house rent free.
No. You have to use the home as your main home; having a family member use the home as just that family member's main home will not qualify for the exclusion.
No - not if your daughter lived in the house without you. For your sale to qualify for an exclusion of $250,000 gain ($500,000 if married filing jointly) you have to meet all of the following requirements:
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