Homeowner sold personal residence. The deed had her and her two parents on it. She was the only one who lived there for 10 years as her personal residence. Does she still qualify for the whole exemption on the sale?
Thank you, Colmatt
Time for another round of "I've Got A Secret." How did the three parties take title? Joint tenants? Life estate and remainder? Tenants in common, with 10% to her and 90% to the parents? Or vice versa? How much of the sales proceeds did she receive? If not 100%, how much did the parents get?