121 exclusion. State or Federal law?
Is the 121 exclusion a federal tax law or a state tax law. Someone asked me this and I always just assumed it was a federal law. If this is the case, would you still be subject to the state capitol gains tax.
Is the 121 exclusion a federal tax law or a state tax law. Someone asked me this and I always just assumed it was a federal law. If this is the case, would you still be subject to the state capitol gains tax.