University of Pennsylvania, Wharton Real Estate Center Working Paper No.

Those held for one year or less are considered short-term and receive no preferred tax treatment. This is especially true in recent years where there have been a number of tax law changes made. This column is going to deal with the exemption rules above and how you may be able to bend them or waive them altogether.

After 2010, dividends will be taxed at the taxpayer's ordinary income tax rate, regardless of his or her tax bracket. Obtain equal or greater equity in the replacement property. You lived in the home as your principal residence for two years out of the last five.