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To: Mouton
Meanwhile, our home is 60% of our net worth. So, why not sell it? Well, the taxman would be happy for sure.

Most, if not all, of the gain (sales price less cost of improvements less cost of purchase) would not be subject to tax.

Tax Rules When Selling Your Home

25 posted on 03/19/2024 6:41:30 AM PDT by KevinB (Word for the day: "kakistocracy" - a society governed by its least suitable or competent citizens)
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To: KevinB

Exactly. Just keep the receipts.


54 posted on 03/19/2024 9:20:50 AM PDT by USAF1985 (Joe McCarthy is a hero...he was absolutely, 100% correct! (Let’s go Brandon!))
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To: KevinB

Bkmk


99 posted on 03/20/2024 3:35:39 AM PDT by sauropod (Ne supra crepidam.)
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