Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: Mouton

You may want to check the IRS rules on selling your primary residence, some of the capital gain is excluded from the tax, up to $500,000 if filing a joint return.


43 posted on 03/19/2024 7:54:43 AM PDT by Maine Mariner
[ Post Reply | Private Reply | To 7 | View Replies ]


To: Maine Mariner

Thanks, forgot about it being 500K, thought it was 250K. Still would owe a few shekels. The government is your partner on the way up but not on the way down!


44 posted on 03/19/2024 8:03:33 AM PDT by Mouton (A 150MT hit will not solve our problems now.)
[ Post Reply | Private Reply | To 43 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson