tag:blogger.com,1999:blog-10389870.post-39038460828580662132008-04-15T21:59:00.000-05:002008-04-26T21:01:17.518-05:00Q: My 76 year old Aunt lives in Maryland near me. Her husband died and her house is ready to be sold. What can she do to avoid paying large capital gains tax on the sale of the house? She does not want to buy something else and is living in a senior citizen apartment.<br /><br />A: She has a $250k capital gain deduction on the sale of her primary residence. If the gain is more than that, I would talk to the accountant doing her husband's final tax return to see if there is a way to use his $250k credit.Jeffrey D. Voudriehttp://www.blogger.com/profile/04021732952823891974noreply@blogger.com