Liz Weston: Sorry, freeloading relatives don’t count as allowed modification to home sales exclusion rules

Published on: 05/03/2025

This news was posted by Oregon Today News

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Capital gain will be calculated by subtracting the tax basis in the home from the sales proceeds, minus selling costs. Getty Images

Dear Liz: I lived in a house for 45 years. During that time, my daughter and her family moved in due to the 2008 financial crisis. I have not charged her rent.

News Source : https://www.oregonlive.com/business/2025/05/liz-weston-sorry-freeloading-relatives-dont-count-as-allowed-modification-to-home-sales-exclusion-rules.html

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