[WSBAPT] Capital gains exclusion on sale of residence for estate?

[Roger Hawkes]

I am pretty sure it is 'yes' if there is proof the decedent lived there for part of the five year look back.  As always, I could be wrong.

From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com> On Behalf Of Eric Nelsen
Sent: Tuesday, March 21, 2023 5:02 PM
To: 'WSBA Probate & Trust Listserv' <wsbapt at lists.wsbarppt.com>
Subject: [WSBAPT] Capital gains exclusion on sale of residence for estate?

I can never remember how this works and have to be re-taught every time-if an estate sells a decedent's residence a year after death and there is a small capital gain due to post-death appreciation, can the estate take advantage of the decedent's $250,000 exclusion on capital gains from sale of residence?

Sincerely,

Eric

Eric C. Nelsen
Sayre Law Offices, PLLC
1417 31st Ave South
Seattle WA 98144-3909
206-625-0092
eric at sayrelawoffices.com<mailto:eric at sayrelawoffices.com>

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