Let’s presume that a mysterious elderly relative dies and leaves you their house with the condition that you have to move into it with your family and you decide to do it so that you can sell it later.
Obviously that house is haunted and you’re going to experience a bunch of terrifying stuff, but if you want to sell it with tax free profits, you’ll have to spend more than the cliché week or month, you’ll have to stay for two years. So get a good exorcist and have fun.
What the law says is that you have to use the house as your principal residence for two of the last five years before the sale. Couples can take up to $500,000 tax-free and single people can get up to $250,000.
Granted, we know that you want to flee your haunted house of doom, but it does have all those little quirks that you really like, and is a little ax-murder that much of a problem?
We’re not licensed exorcists, but we are accountants and we’ll help you with your haunted house selling problems as much as we can.
Tags: weirdly funny