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


To: Joe NYC who wrote (180657)1/16/2004 12:12:06 PM
From: Tenchusatsu  Read Replies (2) | Respond to of 1572687
 
Joe, I believe Jim means the 500K exclusion that can be taken when selling real estate.

How does this work again? When you sell real estate, you can deduct the price of the house from your income? Or the appreciation that you pocket isn't subject to income taxes (up to 500K)?

Tenchusatsu