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Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
Satisfied Customers: 577
Experience:  10 years experience
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My wife, her mother and her sister are all on the deed and

Customer Question

Hello Pearl, my wife, her mother and her sister are all on the deed and are now selling a property in NY. It was until 3 months ago the mom's long-time principal residence. the sister lives in NY; we live in Georgia. I'm hoping that the nonresident tax, reported on Form2663 and the tax; will not be required because the property should be eligible for the section 121 exclusion.
JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?
Customer: if it is required, I hope that the 121 exemption will apply. I am at***@******.***
Submitted: 2 months ago.
Category: Tax
Expert:  Mark Taylor replied 2 months ago.

Hi, my name is Mark. I will be happy to help you with your questions.

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