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???
08/22/06 16:50
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 		 #122797 - I think that number is more like $250k
Responding to: ???'s previous message
As of 1997 if you make more than $250k capital gains on selling your PRIMARY residence (single owner, double it if you are married), then you pay tax. I think you can avoid it if you buy a more expensive place. But bottom line for most people is they won't have to pay tax on selling a house. I think it also depends on how long you lived there. If it was a very short period then you get stung.

List of 37 messages in thread
TopicAuthorDate
I knew it was bad, but that bad            01/01/70 00:00      
   Around here $550,000 buys..            01/01/70 00:00      
      And for $550k in California            01/01/70 00:00      
         is that in Missourra?            01/01/70 00:00      
            There's a reason it's called Mysery ...            01/01/70 00:00      
      Up here            01/01/70 00:00      
   Around here for 100K you can get...            01/01/70 00:00      
   So what is...            01/01/70 00:00      
      the CEOs bought their houses years ago and            01/01/70 00:00      
         It's like the real estate salesman ...            01/01/70 00:00      
      So what is...            01/01/70 00:00      
         CEO's            01/01/70 00:00      
      what gets me            01/01/70 00:00      
         Jez, you could be talking about NC and CA            01/01/70 00:00      
            The way it works out best ...            01/01/70 00:00      
               deal!            01/01/70 00:00      
                  Barnum said it            01/01/70 00:00      
                     From what I've seen ...            01/01/70 00:00      
                        Huh?            01/01/70 00:00      
                           Oh it can happen ...            01/01/70 00:00      
                              On which planet would that be?            01/01/70 00:00      
                                 Got to quit posting late .. Thanks Richard.            01/01/70 00:00      
                           Only the real estate salesmen ...            01/01/70 00:00      
                        big houses, small minds            01/01/70 00:00      
                        does that include your famous basement?            01/01/70 00:00      
                           Yes. It\'s two layers ...            01/01/70 00:00      
                        Engineers who're pulling            01/01/70 00:00      
               Tax on real estate            01/01/70 00:00      
                  capital gains            01/01/70 00:00      
                     Capital Gains Tax            01/01/70 00:00      
                        That's one reason people's houses grow over time            01/01/70 00:00      
                  Mostly No            01/01/70 00:00      
                     I think that number is more like $250k            01/01/70 00:00      
                        I never have            01/01/70 00:00      
                           "take and run"            01/01/70 00:00      
                              and only after you turn 55            01/01/70 00:00      
   Low income housing            01/01/70 00:00      

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