The IRS exemption allowing an individual over the age of 55 to exclude up to $125,000 in capital gains from the sale of his/her primary residence. Can only be done once on one's lifetime.
Related information about over-55 home sale exemption:
- Over-55 Home Sale Exemption Definition | Investopedia
An obsolete tax law that provided homeowners over the age of 55 with a one- time capital gains exclusion. Individuals who met the necessary requirements ...
- What is over-55 home sale exemption? definition and meaning
Definition of over-55 home sale exemption: The IRS exemption allowing an individual over the age of 55 to exclude up to $125000 in capital gains from the sale ...
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personal exemption · multiple support agreement · homestead deed · double tax- exemption · 1040-NR-EZ Form · over-55 home sale exemption · withholding ...
- Over-55 Home Sale Exemption: Definition from Answers.com
Over-55 Home Sale Exemption An obsolete tax law that provided homeowners over the age of 55 with a one-time capital gains exclusion.
- Taxes Quizzes - E-PersonalFinance
The "over 55 home sale exemption": (a) Allows up to $250,000 tax free gains ( $500,000 for couples) on the sale of a principal residence by homeowners over 55 ...
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Also known as shares outstanding. over the counter market: See over the counter . over-55 home sale exemption: An exemption granted by the IRS, allowing an ...
- Orderly Sale | Orderly Sale Definition | What is Orderly Sale | Define ...
Next Terms: Original Bill of Lading, Other Revenues and Expenses, Out-of-cash date, Outstanding Shares, Over 55 Home Sale Exemption, Over Capitalization, ...
- * Over the counter market - (Stock market): Definition
over the counter market See over the counter. over-55 home sale exemption An exemption granted by the IRS, allowing an individual over the age of 55 to.