Sadie received a house as part of a Section 1031 like-kind exchange in May 2018. In August 2020, she gave the house to her daughter, Kelly. Kelly has lived there as her primary residence since then. If Kelly decides to sell the house, what is the earliest date she can sell it and claim the full exclusion?

Answer rating: 100% (QA)

To claim the full exclusion under the IRS guidelines for the sale of ... View the full answer