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Re: If You Plan On Selling Your Home

Posted by Dave on Mon Feb 27 18:26:34 2012, in response to Re: If You Plan On Selling Your Home, posted by Alex L. on Mon Feb 27 17:20:31 2012.

Fine, so assume your in-laws sold today for $600,000 net, a gain of $575,000. Subtract the $500,00 exemption and they owe 3.8% on $75,000 or $2,850. A pittance compared to what the check they deposited from the sale.

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