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To: TexasGator
How many couples have more than $500,000 appreciation in their home?

There are a bunch in the San Francisco Bay Area.

18 posted on 07/23/2025 3:20:12 PM PDT by Carry_Okie (The tree of liberty needs a rope.)
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To: Carry_Okie

And the Seattle area. I still haven’t told my wife about our expected CG tax when we sell our home and move to Tennessee. (She is going through a bunch of other stuff at the moment - and we both are taking one day at a time.)

The $500,000 deduction was created in 1997 and was a tax on the super rich. My wife and I are anything but. That $500k is worth over $1 million in 2025 dollars.


58 posted on 07/24/2025 2:11:30 AM PDT by 21twelve (Ever Vigilant - Never Fearful)
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