• Was this page helpful?
Intuit Blog
|
Support
Point of Sale
|
GoPayment
|
Payroll
|
Quickbooks
|
Website Services
Intuit
Sign In
Register
QuickBooks General Forum QuickBooks Payroll 3rd Party Apps that work with QuickBooks QuickBooks Accountant Edition QuickBooks Online for Accounting Professionals QuickBooks Enterprise Solutions QuickBooks Point of Sale
ProAdvisor Program & Certification
ProSeries DMS ProSeries Community
Lacerte DMS Lacerte Community
Intuit Tax Online Tax Research for Lacerte and ProSeries Tax Import for Lacerte and ProSeries Intuit Practice Management EasyACCT Intuit Statement Writer
Starting and Managing Your Practice Classifieds Intuit ProConnection Newsletter Intuit Academy Training Your Peers Recommend
  • QuickBooks & Payroll
  • ProAdvisors
  • Lacerte
  • ProSeries
  • Productivity Tools
  • Training & Resources
Leaderboard
Hide Advanced Search
 
All of these words
Any of these words
This exact phrase
None of these words
In this forum
With posts written by
With posts from
to
mm/dd/yy
mm/dd/yy
Show Advanced Search
Home   Help for Accountants   Tax - ProSeries   Tax - ProSeries Community  
hide
01/26/2012 at 02:08PM PST
We’ve seen a scam e-mail regarding Intuit tax information floating around today. This e-mail was not sent or authorized by Intuit. If you ever wonder whether an e-mail from Intuit is real or fake, please refer to the link below.

Thank you

http://security.intuit.com/security-alerts.php
1
527
cKtYtMYj4r3QjyacfA8pyY
Subscribe RSS
FFound600
FFound600
Questions asked: 62
Questions answered: 25
Points earned: 24
FFound600
FFound600
Questions asked: 62
Questions answered: 25
Points earned: 24
Contributor
11/03/09 9:35am PST
Viewed by asker 11/03/09 10:46am PST

Sale of Home- 2 year use requirement

Taxpayer sold Massachusetts' home in October 2009.  However, in January 2006, taxpayer became a Florida resident.  However, taxpayer continued to live in Massachusetts home for more than 6 months each year until home was sold in October 2009.  Can taxpayer still utilize $250,000 gain exclusion on the sale of the Massachusetts home?

Solved!
Type of Abuse
Abusive behavior
 
Inaccurate information
 
Other (add details below)
 
Add Details
Cancel_sm Submit_sm
 Report Abuse
This post is closed to new replies
1 Reply
ArchieLeach
ArchieLeach
Questions asked: 332
Questions answered: 8059
Points earned: 8285
Accountant Community AllStar
Accountant Community AllStar
Advisory council of Accountant community power users.
ArchieLeach
ArchieLeach
Questions asked: 332
Questions answered: 8059
Points earned: 8285
Accountant Community AllStar
11/03/09 10:28am PST
Latest post
The solution

Under the 2-of-5 rule, you have a lookback period that extends to 10/04.  If he lived in the place for a total of two years between 10/04 and 10/09, then he gets the exclusion.

"Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy; its inherent virtue is the equal sharing of misery." ~ Winston Churchill
Type of Abuse
Abusive behavior
 
Inaccurate information
 
Other (add details below)
 
Add Details
Cancel_sm Submit_sm
This helped me! Add 1 point.
13
 Report Abuse
 
 
 
   
 
 
Subscribe RSS
Tags for this topic
    Help other users find this post by tagging it
Use commas to add multiple tags
Add tags
Latest Site Activity
Pause Feed
prollpain
15 secs ago
prollpain
replied to
labor cost for a job
SkinnyRaven
17 secs ago
SkinnyRaven
replied to
invoices
dester
18 secs ago
dester
needs more help on
split
dester
44 secs ago
dester
replied to
split
RyanSinnott
55 secs ago
RyanSinnott
replied to
Javascript DoQuery
Product Resources
QuickBooks Tax Products Payroll ProAdvisor Program Training and Certification Feedback Survey
Resources: Find Local ProAdvisor Tax Almanac Practice Resources
Support: QuickBooks Lacerte ProSeries EasyACCT
Community Home Help with Intuit Products Start & Grow Your Business Help for Accountants Small Business Blog Join us on Facebook Follow us on Twitter Watch us on YouTube Meet us on LinkedIn
About Intuit | Careers | Register Your QuickBooks | QuickBooks Affiliate Program | Privacy | Legal | Contact Us | Our Hosts
© 2012 Intuit, Inc. All rights reserved. Intuit and QuickBooks are registered trademarks of Intuit, Inc.
Terms and conditions, features, support, pricing and service options subject to change without notice.
TRUSTe - Privacy Standards and Principles
Intuit Websites - Create the perfect site
Intuit Small Business
QuickBooks Accounting Software
Small Business Grants
QuickBooks Online Accounting
Intuit Payroll Services
Intuit Credit Card Processing
Intuit Business Directory
Intuit GoPayment
Intuit Small Business Education
Intuit Small Business Blog
Love a Local Business