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To: unread

Lots of issues that your tax preparer needs to dive into. but if it has been your main home for two out of the last five years, you get an exclusion on the capital gains of $250,000/single, and $500,000/married.

And there are a lot of extra rules that *may* apply. Talk to your tax person before the end of the year in which you sell.


46 posted on 08/30/2025 11:54:43 AM PDT by texas booster (Join FreeRepublic's Folding@Home team (Team # 36120) Cure Alzheimer's!)
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To: texas booster

Ok, we’ve been in this house over forty years. So, that’s good news.. :)


49 posted on 08/30/2025 1:52:20 PM PDT by unread (Next time the devil reminds you of your past, remind HIM of his future...)
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