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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (27068)	3/30/1998 2:31:00 PM
From: Nadine Carroll	Read Replies (2) of 132070

>>One other thought many are missing. The new capital gains taxes >>make RE somewhat less attractive as an investment. One of the big >>attractions has always been free capital gains on one home. Now, as >>cap gains decline, that is diminished as an advantage. MB Mike, didn't the same tax laws reduce the capital gains tax on housing to ZERO? if you have lived in the house for two years and have less than $200,000 of gains (I think). It's hard to improve on zero.

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