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#1
03-08-2006, 05:32 PM
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 Re: Unforseen circumstances pj wrote: - quote - > My friends sold their principal residence and
Sounds pretty weak to me. What is "unforseen" about going> had not lived there for 2 out of 5 years. One of > them decided to return to school for an advanced > degree that would require full time attendance. They > could not continue to afford the house payment on > one income. Could this be "unforseen circumstances" > that would allow them to avoid the gain on the sale back to school? << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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03-08-2006, 05:13 PM
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| Re: Unforseen circumstances "pj" <pjfagan[at]juno.com> wrote: - quote - > My friends sold their principal residence and
No.> had not lived there for 2 out of 5 years. One of > them decided to return to school for an advanced > degree that would require full time attendance. They > could not continue to afford the house payment on > one income. Could this be "unforseen circumstances" > that would allow them to avoid the gain on the sale -- Phil Marti Clarksburg, MD << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#-1
03-08-2006, 03:41 AM
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| Unforseen circumstances My friends sold their principal residence and had not lived there for 2 out of 5 years. One of them decided to return to school for an advanced degree that would require full time attendance. They could not continue to afford the house payment on one income. Could this be "unforseen circumstances" that would allow them to avoid the gain on the sale << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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| circumstances, unforseen |
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