Updated almost 8 years ago on . Most recent reply
IRS Section 121 Changes
Are the changes to the IRS Section 121 still included in the tax plan? For those who don't know this excludes gains on the sale of a primary residence that was lived in for 2 of 5 years. The tax plan released earlier stated the exclusion would only be given for residences owned for 5 of 8 years. I really hope this portion of the tax changes is removed from the plan.