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valeryvie
Guest
Hi -
My parents are selling a condo and moving to an apartment - they are concerned that they need to reinvest the money form the condo into another property within 2 years, but don't want to - I thought I read somewhere that there is a special exception for seniors - can you tell me if there is a special senior citizen law concerning how much they can make and keep on the sale of a property without being taxed?
Thanks Mucho!
V
My parents are selling a condo and moving to an apartment - they are concerned that they need to reinvest the money form the condo into another property within 2 years, but don't want to - I thought I read somewhere that there is a special exception for seniors - can you tell me if there is a special senior citizen law concerning how much they can make and keep on the sale of a property without being taxed?
Thanks Mucho!
V