For the son to qualify for the $250k exclusion, I believe he would most likely need to meet the ownership and use test, meaning he needs to own and live in the home as his primary residence for at least two of the last five years before the sale.

Quote from @Dan Shallcross: Your PM should know the answer and be leading the way aggressively.

Hey @Jerry Zigounakis, gratz on the new place!

Over the weekend I finally saw the bldg and boy what a piece of sh!

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

As a lender, it is my firm belief that honesty, transparency and service are the most important factors.

But a specialist could be helpful if you have unique situations, want to explore advanced strategies, or simply save time.Cost varies - some charge hourly, some a flat fee.I'd recommend checking the tax pro button on top of the page and scheduling a free consultation.

The balanced owed on the property is about 97K. 

It’s all about catching their eye and making them click.

What's the lowest credit score you will allow?