Happy April 15th this weekend. Anyone else see a problem with tax-free windfalls on housing sales?
Published Thursday, May 11, 2006 by Real Estate Pro | E-mail this postI buy a stock for $100 and sell it for $100,000, I pay capital gains tax (as I should) on the gain.
I buy a house for $100,000 and sell it for $200,000, as long as I've been there for two years, I get the $100,000 gain (less costs) tax free.
Tagged: taxes
Happy April 15th this weekend. Anyone else see a problem with tax-free windfalls on housing sales?
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