To: Alberta's Child
And when I sell my house, the profit isn’t taxed.
21 posted on
02/20/2021 11:39:03 AM PST by
campaignPete R-CT
(Committee to Re-Elect the President ( CREEP ) )
To: campaignPete R-CT
That exemption is written into the tax code for your own home — but not for one that is transferred to someone else through a sale or inheritance.
28 posted on
02/20/2021 11:45:37 AM PST by
Alberta's Child
("And once in a night I dreamed you were there; I canceled my flight from going nowhere.")
To: campaignPete R-CT
And when I sell my house, the profit isn’t taxed. Under current law, only $250k of the gain is not taxed. If, for example, the gain is $300k you would pay tax on $50k.
30 posted on
02/20/2021 11:58:12 AM PST by
KevinB
(''... and to the Banana Republic for which it stands ...")
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