B
bford2001
Guest
What is the name of your state? VA, CA
I am a Marine Corps officer retiring in VA and want to sell as my primary residence my CA home I bought in 1982. I lived in the home 82 - 85 and 88 - 91 but have rented it since then. I requested orders to CA but was unable to get back to move into the house.
I have heard that their is tax law precedence that would support an exemption from capital gains tax on this sale.
Does anyone know of a case I could cite or how I could try this approach?
I am a Marine Corps officer retiring in VA and want to sell as my primary residence my CA home I bought in 1982. I lived in the home 82 - 85 and 88 - 91 but have rented it since then. I requested orders to CA but was unable to get back to move into the house.
I have heard that their is tax law precedence that would support an exemption from capital gains tax on this sale.
Does anyone know of a case I could cite or how I could try this approach?