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Liz Weston: Capitol gains on condo gift can depend on how long you lived there
Liz Weston: Capitol gains on condo gift can depend on how long you lived there
Liz Weston: Capitol gains on condo gift can depend on how long you lived there

Published on: 04/28/2024

This news was posted by Oregon Today News

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Living in and owning a home for two of the previous five years does not erase someone’s capital gains exposure. Getty Images.

Dear Liz: You recently answered a question about gifting a condo. I understood the first part of your answer: If the person receiving the gift lives in the condo for two of the last five years, then there is no capital gains exposure.

News Source : https://www.oregonlive.com/business/2024/04/liz-weston-capitol-gains-on-condo-gift-can-depend-on-how-long-you-lived-there.html

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