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Updated over 4 years ago, 04/11/2020

User Stats

22
Posts
13
Votes
Andrew McGregor
  • Rental Property Investor
  • Minneapolis, MN
13
Votes |
22
Posts

IRS Section 121 Exclusion COVID Extension??

Andrew McGregor
  • Rental Property Investor
  • Minneapolis, MN
Posted

Does anyone know if there are any 'hardship clauses' or anything that would allow for a deadline extension of an IRS 121 Exclusion?  I am selling a house that was my residence and I need to sell it before August to qualify for the 121 Exclusion.  I think the Covid-19 shutdown has impacted the market and I would like to hold off on selling if possible.  There is talk of the IRS extending 1031 deadlines, any chance the same could be done for the 121??

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