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Posted

Does anyone have thoughts on whether buying out an ex's share of a house meets the safe harbor definition for purchasing a principal residence?

I think it does but figured it was worth a post.

Ed Snyder

Posted

In comments at the ABA at annual section meetings, the IRS said it was OK. Those materials are published, but I cannot remember the year. The IRS comments are not official guidance.

  • 3 weeks later...
Posted
Those materials are published, but I cannot remember the year.

I just had to research this issue today and the year in question was 2004.

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