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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: Steve Lee who wrote (27969)9/19/2001 10:26:32 AM
From: Dale Baker  Read Replies (2) | Respond to of 30051
 
You will have to ask someone who knows more about the tax code - I have spent most of the last 13 years overseas and don't own property in the US.

But a property issue only arises if you sold for a profit - and even then, much fo the gains from selling a house are exempt from tax if you buy another one (I think).



To: Steve Lee who wrote (27969)9/19/2001 10:38:00 AM
From: Zeev Hed  Read Replies (1) | Respond to of 30051
 
Profits on personal use real estate property has many tax exemptions, so that does not make sense, but any other capital gains from property (whether long term or short term) are bunched together, thus you cancel losses from stocks that are long term against long term gains capital gains else where (like paintings or stamps) and the same with short term cap gains. By the way, back in CCMP at $54, a neat $3.5 discount.

Zeev