Attention Knoxville and Knox County homeowners; 2 out of 5 rule changes soon!

Beginning January 1st of 2009 the current 2 out of 5 tax rule will change. Currently if you’ve lived in your Knoxville or Farragut, Tennessee home as your principal residence for any 2, doesn’t have to be consecutive years, just cumulative, of the previous 5 years you can exclude up to $500,000 of gain if married […]

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