Is partial real estate tax break for real?

Bob Bruss.

However, to qualify there must be a valid reason for the home sale after less than 24 months of owner-occupancy.

The tax statute lists (1) health reasons, (2) job location change qualifying for the moving-cost tax deduction (the new job site must be 50 miles further from old home than was old job site), and (3) unforeseen circumstances, such as divorce, unemployment, multiple births from the same pregnancy, inability to pay the mortgage, etc.

- CAN LIFE TENANT GIVE UP HIS LIFE ESTATE?

- NO RECOURSE IF NEIGHBOR TRIMMED BEAUTIFUL TREES

April 5, 2007 by Realtor John Wake

About The Author

John Wake

Born in Phoenix, trained as an economist and now a licensed Realtor, John uses hard data from the real estate market to help his clients -- buyers and sellers of residential real estate -- uncover their best choices for finding the right home or finding a buyer for their current home.

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