Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Tenchusatsu who wrote (181058)	1/20/2004 5:24:45 AM
From: Joe NYC	Read Replies (1) of 1572978

Tenchusatsu, so the cap gains, i.e. the appreciation of the home between when you buy and when you sell, is tax-free? Was it taxed before Clinton? It is $500k per married couple. Prior to that, I believe there was once in a lifetime exclusion, but my memory is hazy on that. The change happened during Clinton years. Jim has been complaining about this ever since. We realize we're paying sky-high prices, but we're hoping the demand for houses in the neighborhood remains high even in a downturn. Well, the theory has not been tested in the downturn. With minimum down payment, some people may walk away, leaving the bank holding the bag. My wife and I Congrats. When was the wedding? Joe

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