Answer: First you should determine whether the property meets the IRS ownership and use test requirements because if it does you can exclude up to $250,000 if you
Answer: The IRS allows you to exclude up to $250,000 in capital gains on your primary residence - assuming you meet their ownership and use tests. Married couples
An asset is a something with economic value that an individual, corporation or country owns or controls with the expectation that it will provide future benefit.
The short answer is probably not. Historically, it has been very difficult (read: nearly impossible) to get your student loans discharged in bankruptcy.
