Get free answers to your legal questions from lawyers in your area.
Last year, I was in a government program from September 2018-May 2019. Afterwards i worked two jobs. I want to know how to go about this situation.
answered on Jun 17, 2020
Hello,
Your situation is not uncommon.
You said you filed your taxes, so I'm assuming you mailed your tax return because if you e-filed it'd have been rejected.
If your paper return was rejected and returned to you or if you received a rejection notice, re-file... View More 
answered on May 22, 2014
It depends. If you the house was your principal residence for two of the five years prior to the date you will sell it, then you can exclude up to $250,000 of gain ($500,000 if married filing jointly). If you have not used the house as your principal residence for two of the last five years, a... View More
Parents are still living. They have a home equity loan on this house. Due to a short sale in 2012, we cannot buy another home until 2015, so we moved into their old home while they bought a smaller place. I've read that they have to have lived here for 2 of the last 5 years to avoid the... View More
answered on May 18, 2014
Your analysis is correct: in order to exclude the tax on up to $500,000 of gain, your parents would have had to have lived in the house, as their primary residence, for two of the five years before the sale. Yes, the rule applies even though an immediate family member is now living in the house.... View More
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.
