[gulfcoast6]

AND IT IS A GOOD 'BE SURE AND GET YOUR LOVE ONE THAT SPECIAL CHRISTMAS GIFT' A.M. FROM THE MS GULF COAST, USA!!!!

Help, I need advice. I sell my house, house in d and my name. I take the money I get from house and sink it all back into new construction (new house on farm). What happens tax wise, I pay taxes on the proceeds? I am sure one of you will have an answer so, thanks in advance.

[lysie]

When I sold my houses years ago... no tax if I bought a house of equal or more value.

[Chairman_December_19th_Society]

What happens tax wise, I pay taxes on the proceeds? I am sure one of you will have an answer so, thanks in advance.

I used to know the answer to this question, but there have been significant changes in these rules over the last couple of years. Maybe someone else knows?