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    jrgm13's Avatar
    jrgm13 Posts: 37, Reputation: 1
    Junior Member
    		  
    #1

    Mar 24, 2008, 12:03 PM
    Tax on sale of primary home
    Is there a federal tax exemption on the sale of primart home ?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    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's Avatar
    jrgm13 Posts: 37, Reputation: 1
    Junior Member
    		  
    #3

    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?
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