Is it still the official IRS rule to not tax any home sale proceeds if the individual/couple bought a more expensive primary residence within a certain timeframe before/after that sale? I could find almost nothing on this topic, as opposed to the details
on the newer $250/500k exclusion.

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

Dear Moderators,

I believe I found an answer to this question on my own. If you think the question should remain posted to benefit others, I don't mind, otherwise, I would be happy to withdraw it.

Sincerely,
Len

On Wed, Jun 1, 2022 at 3:15 PM <devnull@usemod.miller-networks.com> wrote:

Hello,

This is an automatic acknowledgment that your message has been APPROVED
for posting to moderated newsgroup misc.legal.moderated.

Look for the charter of misc.legal.moderated at

http://usemod.miller-networks.com:5813/mlm/mlm.charter

If you do not want to receive automatic acknowledgments in the future,
simply reply to this message, QUOTING ITS TEXT IN FULL.

From news@google.com Wed Jun 1 13:15:24 2022
Return-Path: <news@google.com>
X-Original-To: usemod@usemod.miller-networks.com
Delivered-To: usemod@usemod.miller-networks.com
Received: from moderators.individual.net (moderators.individual.net [130.133.4.7])
by linux6.miller-networks.com (Postfix) with ESMTP id 06869603D446
for <usemod@usemod.miller-networks.com>; Wed, 1 Jun 2022
13:15:24 -0700 (PDT)
Received: from mail-qk1-f199.google.com ([209.85.222.199])
by moderators.individual.net (Exim 4.95)
for misc-legal-moderated@moderators.isc.org with esmtps (TLS1.3)
tls TLS_AES_128_GCM_SHA256
(envelope-from <news@google.com>)
id 1nwUkV-000gUV-5u; Wed, 01 Jun 2022 22:15:23 +0200
Received: by mail-qk1-f199.google.com with SMTP id j12-20020ae9c20c000000b0069e8ac6b244so2145936qkg.1
for <misc-legal-moderated@moderators.isc.org>; Wed, 01 Jun 2022 13:15:05 -0700 (PDT)
X-Google-DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed;
d=1e100.net; s=20210112;
h=x-gm-message-state:path:newsgroups:date:injection-info
:nntp-posting-host:user-agent:mime-version:message-id:subject:from
:injection-date:to:content-transfer-encoding;
bh=/V2l60ZkAa91ajaIlqX+zA1KZW+dsj7Su+uQEVxJ4Qg=;

b=fx6VpPdaIHOgVfLkMY10eD40ukwKKPsyCsrIG3hChftD/adBeJL7efLRwF9hRlduBE

kAr4vQGpjHZR+tyZADfqTI0975vFa+UKUfX7kbjA4xgwK9CsDU1MGMJYW6OlGF1EeDU8

0Fv2hfHFv1vphouyiqcmed0d2BO3bXD49tzFTLZX8LRkbF02ZGsrttSlwMJeMKAcYIb8

0+Xmw7L4IRk/kokhMPC7CLpCZNq3pW5gI1//LvSeO5/MSEvoR3uA4mL11oy+GZHiIIsT

Yy5grVn/tQp3gFL2g7DZ/xkk2eJAH8gwOyKchcp7kNcYWUKtEpCFv0EQ9pseMVEjnFKE
wm5Q==
X-Gm-Message-State:
AOAM533tePXVIiL+s8MsZEAVcOcqPFUKXIYcG+AC4ouR/oS1WEHe9Haw
SopaLVD/aF8o8LrdbRPKmSJfF+e+9rqIUNVE/JU=
X-Google-Smtp-Source: ABdhPJyF+AM0HADSFs5h6LZVCNQAwpGTyAgkLaDvAyhY9z6eY1h+F+hLt99bFGIJZuHu1HWNUrKqSSnrfIVl16grbc+mOyMgXsoP
X-Received: by 2002:a37:a895:0:b0:6a3:7eb5:deac with SMTP id r143-20020a37a895000000b006a37eb5deacmr1257177qke.306.1654114504779;
Wed, 01 Jun 2022 13:15:04 -0700 (PDT)
X-Received: by 2002:a05:6214:190d:b0:464:4b7a:bbef with SMTP id
er13-20020a056214190d00b004644b7abbefmr15833443qvb.106.1654114504545;
Wed, 01
Jun 2022 13:15:04 -0700 (PDT)
Newsgroups: misc.legal.moderated
Message-ID: <adfc3212-992f-4ad9-ba0f-7e71269c3587n@googlegroups.com>
Subject: Selling a house and buying a more expensive one
From: "Leonard S." <leonard.skemp@gmail.com>
Injection-Date: Wed, 01 Jun 2022 20:15:04 +0000
To: misc-legal-moderated@moderators.isc.org

Is it still the official IRS rule to not tax any home sale proceeds if the individual/couple bought a more expensive primary residence within a
certain timeframe before/after that sale? I could find almost nothing on
this topic, as opposed to the details on the newer $250/500k exclusion.

<div dir="ltr">Dear Moderators,<div><br><div>I believe I found an answer to this question on my own. If you think the question should remain posted to benefit others, I don&#39;t mind, otherwise, I would be happy to withdraw it.</div><div><br></div><

Sincerely,</div><div>Len</div></div></div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Wed, Jun 1, 2022 at 3:15 PM &lt;<a href="mailto:devnull@usemod.miller-networks.com">devnull@usemod.miller-networks.com</a>&gt; wrote:<br></div>

<blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex">Hello,<br>



This is an automatic acknowledgment that your message has been APPROVED<br>
for posting to moderated newsgroup misc.legal.moderated. <br>

Look for the charter of misc.legal.moderated at <br>

        <a href="http://usemod.miller-networks.com:5813/mlm/mlm.charter" rel="noreferrer" target="_blank">http://usemod.miller-networks.com:5813/mlm/mlm.charter</a><br>

If you do not want to receive automatic acknowledgments in the future,<br> simply reply to this message, QUOTING ITS TEXT IN FULL.<br>

From <a href="mailto:news@google.com" target="_blank">news@google.com</a>  Wed Jun  1 13:15:24 2022<br>

Return-Path: &lt;<a href="mailto:news@google.com" target="_blank">news@google.com</a>&gt;<br>
X-Original-To: <a href="mailto:usemod@usemod.miller-networks.com" target="_blank">usemod@usemod.miller-networks.com</a><br>
Delivered-To: <a href="mailto:usemod@usemod.miller-networks.com" target="_blank">usemod@usemod.miller-networks.com</a><br>
Received: from <a href="http://moderators.individual.net" rel="noreferrer" target="_blank">moderators.individual.net</a> (<a href="http://moderators.individual.net" rel="noreferrer" target="_blank">moderators.individual.net</a> [130.133.4.7])<br>
        by <a href="http://linux6.miller-networks.com" rel="noreferrer" target="_blank">linux6.miller-networks.com</a> (Postfix) with ESMTP id 06869603D446<br>
        for &lt;<a href="mailto:usemod@usemod.miller-networks.com" target="_blank">usemod@usemod.miller-networks.com</a>&gt;; Wed,  1 Jun 2022 13:15:24 -0700 (PDT)<br>
Received: from <a href="http://mail-qk1-f199.google.com" rel="noreferrer" target="_blank">mail-qk1-f199.google.com</a> ([209.85.222.199])<br>
          by <a href="http://moderators.individual.net" rel="noreferrer" target="_blank">moderators.individual.net</a> (Exim 4.95)<br>
          for <a href="mailto:misc-legal-moderated@moderators.isc.org" target="_blank">misc-legal-moderated@moderators.isc.org</a> with esmtps (TLS1.3)<br>
          tls TLS_AES_128_GCM_SHA256<br>
          (envelope-from &lt;<a href="mailto:news@google.com" target="_blank">news@google.com</a>&gt;)<br>
          id 1nwUkV-000gUV-5u; Wed, 01 Jun 2022 22:15:23 +0200<br> Received: by <a href="http://mail-qk1-f199.google.com" rel="noreferrer" target="_blank">mail-qk1-f199.google.com</a> with SMTP id j12-20020ae9c20c000000b0069e8ac6b244so2145936qkg.1<br>
        for &lt;<a href="mailto:misc-legal-moderated@moderators.isc.org" target="_blank">misc-legal-moderated@moderators.isc.org</a>&gt;; Wed, 01 Jun 2022 13:15:05 -0700 (PDT)<br>
X-Google-DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed;<br>
        d=<a href="http://1e100.net" rel="noreferrer" target="_blank">1e100.net</a>; s=20210112;<br>
        h=x-gm-message-state:path:newsgroups:date:injection-info<br>
         :nntp-posting-host:user-agent:mime-version:message-id:subject:from<br>
         :injection-date:to:content-transfer-encoding;<br>
        bh=/V2l60ZkAa91ajaIlqX+zA1KZW+dsj7Su+uQEVxJ4Qg=;<br>
        b=fx6VpPdaIHOgVfLkMY10eD40ukwKKPsyCsrIG3hChftD/adBeJL7efLRwF9hRlduBE<br>
         kAr4vQGpjHZR+tyZADfqTI0975vFa+UKUfX7kbjA4xgwK9CsDU1MGMJYW6OlGF1EeDU8<br>
         0Fv2hfHFv1vphouyiqcmed0d2BO3bXD49tzFTLZX8LRkbF02ZGsrttSlwMJeMKAcYIb8<br>
         0+Xmw7L4IRk/kokhMPC7CLpCZNq3pW5gI1//LvSeO5/MSEvoR3uA4mL11oy+GZHiIIsT<br>
         Yy5grVn/tQp3gFL2g7DZ/xkk2eJAH8gwOyKchcp7kNcYWUKtEpCFv0EQ9pseMVEjnFKE<br>
         wm5Q==<br>
X-Gm-Message-State: AOAM533tePXVIiL+s8MsZEAVcOcqPFUKXIYcG+AC4ouR/oS1WEHe9Haw<br>
        SopaLVD/aF8o8LrdbRPKmSJfF+e+9rqIUNVE/JU=<br>
X-Google-Smtp-Source: ABdhPJyF+AM0HADSFs5h6LZVCNQAwpGTyAgkLaDvAyhY9z6eY1h+F+hLt99bFGIJZuHu1HWNUrKqSSnrfIVl16grbc+mOyMgXsoP<br>
X-Received: by 2002:a37:a895:0:b0:6a3:7eb5:deac with SMTP id r143-20020a37a895000000b006a37eb5deacmr1257177qke.306.1654114504779;<br>
        Wed, 01 Jun 2022 13:15:04 -0700 (PDT)<br>
X-Received: by 2002:a05:6214:190d:b0:464:4b7a:bbef with SMTP id<br>  er13-20020a056214190d00b004644b7abbefmr15833443qvb.106.1654114504545; Wed, 01<br>
 Jun 2022 13:15:04 -0700 (PDT)<br>
Newsgroups: misc.legal.moderated<br>
Message-ID: &lt;<a href="mailto:adfc3212-992f-4ad9-ba0f-7e71269c3587n@googlegroups.com" target="_blank">adfc3212-992f-4ad9-ba0f-7e71269c3587n@googlegroups.com</a>&gt;<br>
Subject: Selling a house and buying a more expensive one<br>
From: &quot;Leonard S.&quot; &lt;<a href="mailto:leonard.skemp@gmail.com" target="_blank">leonard.skemp@gmail.com</a>&gt;<br>
Injection-Date: Wed, 01 Jun 2022 20:15:04 +0000<br>
To: <a href="mailto:misc-legal-moderated@moderators.isc.org" target="_blank">misc-legal-moderated@moderators.isc.org</a><br>

Is it still the official IRS rule to not tax any home sale proceeds if the individual/couple bought a more expensive primary residence within a certain timeframe before/after that sale? I could find almost nothing on this topic, as opposed to the details
on the newer  $250/500k exclusion.<br>

</blockquote></div>

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

On 6/1/2022 1:15 PM, Leonard S. wrote:

Is it still the official IRS rule to not tax any home sale proceeds if the individual/couple bought a more expensive primary residence within a certain timeframe before/after that sale? I could find almost nothing on this topic, as opposed to the

details on the newer $250/500k exclusion.

AFAIK the $250K/500K explicitly replaces the old rules about selling
your primary residence.

--
I do so have a memory. It's backed up on DVD... somewhere...

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

"Leonard S." <leonard.skemp@gmail.com> wrote:

Is it still the official IRS rule to not tax any home sale
proceeds if the individual/couple bought a more expensive primary
residence within a certain timeframe before/after that sale? I
could find almost nothing on this topic, as opposed to the details
on the newer $250/500k exclusion.

No, the old rule is gone. Only the $250K exclusion is available.


--
Stu
http://DownToEarthLawyer.com

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

On 6/1/2022 9:32 PM, Barry Gold wrote:

On 6/1/2022 1:15 PM, Leonard S. wrote:

Is it still the official IRS rule to not tax any home sale proceeds if
the individual/couple bought a more expensive primary residence within
a certain timeframe before/after that sale? I could find almost
nothing on this topic, as opposed to the details on the newer
$250/500k exclusion.

AFAIK the $250K/500K explicitly replaces the old rules about selling
your primary residence.

Here is a summary

KEY TAKEAWAYS

You can sell your primary residence and be exempt from capital gains
taxes on the first $250,000 if you are single and $500,000 if married
filing jointly.

This exemption is only allowable once every two years.

You can add your cost basis and costs of any improvements that you made
to the home to the $250,000 if single or $500,000 if married filing jointly.

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)