jrgm13
Mar 24, 2008, 12:03 PM
Is there a federal tax exemption on the sale of primart home ?
ScottGem
Mar 24, 2008, 12:07 PM
You can exclude up to $250K ($500K for married filing jointly) if you have occupied the house for 24 of the past 60 months.
jrgm13
Apr 9, 2008, 11:24 AM
Yes you helped . Thanks. Do you know if there would be Iowa income tax on the sale of the primary home?