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Reply to "Capital Gains - Health Related Move"
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[quote=Anonymous]My parents are moving from their home to a retirement community. One of the main reasons is my Dad’s Parkinson’s and wanting to be in a one floor home. They will have over $500,000 in capital gains from the sale of their home. In reading through IRS documentation it seems there is a Health Related Move exclusion. Anyone have experience using this to move from a primary residence to retirement community? As we believe many people making this move would be able to use some sort of medical diagnosis, we are curious if it counts. And because my Dad won’t trust anonymous feedback from DCUM, any places other than IRS website to read up on this?[/quote]
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