[WSBAPT] Estate's sale of decedent's residence - capital gains exclusion?

[Eric Nelsen]

Decedent lived in her house for 40 years. Estate is selling it. Enough time has passed for the value of the property to have increased post-death, so there are capital gains. Does the Estate have the benefit of decedent's $250,000 exclusion from capital gains on sale of a residence?

Sincerely,

Eric

Eric C. Nelsen
SAYRE LAW OFFICES, PLLC
1417 31st Ave South
Seattle WA  98144-3909
phone 206-625-0092
fax 206-625-9040

Please Note that We Have Moved. We have moved our Seattle office to Mount Baker Ridge (a small commercial community just above the I-90 tunnel). Our new address is 1417 31st Avenue South, Seattle WA 98144. All other contact information remains the same.

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