Boyfriend Selling House and moving in
My boyfriend sold his house of 27 years and is moving into my house. He is 54 years old. Does he have to buy another house within two years or should he take the exemption? Thank you
Terry Says
No, that tax deal no longer exists. He gets to exclude $250,000 of capital gains on his personal residence.
And, although you didn’t ask, may I suggest you get a copy of my book (written with two lawyers) called: The New Love Deal: Everything you Must Know Before Marrying, Moving In, or Moving On! It’s still available at Amazon.com at this link.
I personally guarantee that it will save you a lot more financial aggravation in the future than the $12 cost!!
