Bob died in December 2018 and his niece Lana inherited the home he had owned and lived
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Bob died in December 2018 and his niece Lana inherited the home he had owned and lived in since Jan 1997. After his death Lana kept the house as a holiday home for a while then rented out the property until she sold it in Jun 2022. The initial capital gain on the house upon sale was $84,900. There was 1369 days between when Bob died to the contract of sale. Is Lana entitled to any part exemptions on the capital gains?
Related Book For
South-Western Federal Taxation 2020 Comprehensive
ISBN: 9780357109144
43rd Edition
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
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