Can a "Primary Residence", for Capital Gain Exclusion purposes, be located outside the United States?

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Can a "Primary Residence", for Capital Gain Exclusion purposes, be located outside the United States?

2007-03-13 08:13:18 · 1 answers · asked by bill d 2 in Business & Finance ➔ Taxes ➔ Other - Taxes

1 answers

There's nothing in IRS Pub 523 that states that your principal residence must be located in the US to qualify for the exclusion. Therefore you should be able to exclude the gain if you otherwise qualify.

2007-03-13 11:05:37 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 0⤋