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| Re: If You Plan On Selling Your Home (913659) | |||
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Re: If You Plan On Selling Your Home |
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Posted by SelkirkTMO on Mon Feb 27 16:56:29 2012, in response to Re: If You Plan On Selling Your Home, posted by GP38/R42 Chris on Mon Feb 27 08:04:38 2012. You can thank the 1997 Congress for that. Prior to 1997, you didn't pay a PENNY in taxes thanks to a "one time exclusion" of 100% of whatever you sold it for. This deal was made by that 1997 Congress to replace the older method. So seniors that didn't sell back in 1996 or earlier missed out ... |
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