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If the full cash value of my replacement dwelling slightly exceeds the “equal or lesser value” as compared to the full market value of my original property, can I still benefit?

April 26, 2017cash dwelling exceeds Lesser replacement slightly value

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If the full cash value of my replacement dwelling slightly exceeds the “equal or lesser value” as compared to the full market value of my original property, can I still benefit?

1 Answer

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Yes. If an original property was sold the same day or was sold before purchasing the replacement dwelling. 105% of the market value of original property as of its date of sale within one year & 110% of the market value of original property as of its date of sale within two years.