Section 121 Exclusion Overview

2 CPE for AFSP, EA, CFP®, CPA, CRTP      

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The §121 exclusion provides a powerful tax benefit for homeowners, allowing them to exclude up to $250,000 ($500,000 for married couples filing jointly) of capital gains on the sale of their primary residence. While the general rules seem straightforward, unique situations can make applying this exclusion more complex. To reinforce key concepts, this session will include case studies to walk through real-world scenarios, illustrating how to apply the exclusion (including partial exclusions) and the eligibility requirements.