W
woxall
Guest
for my divorce settlement i'm to receive 23 ac from our 28 ac. farm. my ex will be keeping the house and 5 ac which has been our principal residence in pa. for 17 years. he will be transfering the 23 ac ( and the capital gain) to me and i'm selling 20 ac and keeping 3 ac to build a house on. my question is after i figure the ajusted base price can i also offset it by the constuction price of the new house or can i take the one time excl. for a single person since it was my principal residence or is ther another way to offset the large capital gains i will have.