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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (172073)	7/20/2003 9:55:59 PM
From: tejek	Respond to of 1576619

Jeeeze TED, I linked to it and you thanked me for the link...now you haven't heard of it. Sorry, Jim, but I'm having trouble finding that link. Why don't you link me again. TIA.

To: Jim McMannis who wrote (172073)	7/20/2003 10:11:51 PM
From: Alighieri	Read Replies (1) \| Respond to of 1576619

RE:"First, Jim McMannis claims there is still another new law which permits you to sell your primary residence every two years and pocket up to 500k of the gain. Is that true? I have not heard of this new law." It's true...I have moved three times and done it twice. In my case I did not have to pay gains taxes because the sale was motivated by the job relo, even though in one of the two cases I held the house a mere 10 months and gained 30K in the transaction. Before Clinton's law, I would have to have paid taxes on the cap gain. PS. My overall tax burden was up for the three years during which this took place, because fed taxes were up overall for people in my income braket. Al