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Non-Tech : Investing in Real Estate - Creative Opportunities

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Recommended by:
John Pitera
To: John Pitera who wrote (2613)12/20/2017 4:55:52 PM
From: Riskmgmt1 Recommendation   of 2722
 
John,
Kiss (keep it simple Santa)
Forget all the fancy stuff- this without doubt the best gift the IRS gives you. Tax free 1/4 of a million, 1/2 a million if you are married.

Capital gains exclusion: Home sellers can exclude up to $500,000 for joint filers or $250,000 for single filers for capital gains when selling a primary home as long as the homeowner has lived in the residence for two of the past five years. An earlier proposal would have increased that requirement to five out of the last eight years but it was struck down

We dodged a bullet! Anyone who doesn't take advantage of this is, missing the best Christmas gift ever.

Wishing you all the best of Holiday Cheer.

R
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