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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Jim McMannis who wrote (25847)12/11/2004 5:29:30 PM
From: David JonesRead Replies (1) of 306849
 
>>>>Sure, you sell your "paid for" permanent residence TAX FREE and reinvest in a bigger house....Tax free on 500k means everything.<<<<<

Jim I believe your ranting.)

The 250/500 rule wouldn't apply if it's ones residence. As long as the replacement is of higher costs and within two years of sale.
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