Updated over 4 years ago on .
Most recent reply
presented by
Section 121 Tax Exemptions
Hey All - Thank you all in advance for the help. My parents are looking to sell their house in VA that they have owned for over 20 years. The plan is for them to buy a house in Florida that they would live in for the winter months. Would the section 121 be of benefit to them? How long do they have to purchase the home in FL to get the tax benefits? Would it be worth going to a CPA before they put the house on market? Any help here would be great.