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Doreen Eubank is an Expert Realtor for the Metro Denver Colorado area, who can help you decide where to live. Because, Doreen understands finding your special place means taking in many factors that include accessibility to work, education and recreational activities. It also includes the size and style of your home, the style of the neighborhood that will make you feel more at home. All of these factors must come together to make your new Metro Denver Colorado home, feel like home.
Taxpayer Relief Act of 1997 Effective May 6, 1997 Homeowners of any age may take capital gains of $ 250,000 for a single person and $ 500,000 for a married couple in the sale of a home. Some of the rules are: A. You must have owned the property for at least two years. B. You must have occupied the property as a principal residence for at least an aggregate of two years in the last five years before the sale. There are other qualifying factors involved and your tax accountant or attorney can explain them to you.
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