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| Re: If You Plan On Selling Your Home (913489) | |||
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Re: If You Plan On Selling Your Home |
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Posted by Dave on Mon Feb 27 09:11:18 2012, in response to Re: If You Plan On Selling Your Home, posted by Jeff Rosen on Mon Feb 27 06:18:28 2012. Sarge, in your example there would be no gain (if it was an elderly couple). The first $500,000 in gain is not taxed. A house sold for $550,000 with a basis of $50,000 in not taxed. |
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