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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (48948)	4/22/2004 11:13:32 PM
From: AC Flyer	Respond to of 74559

>>Let's get back to watch the show.<< Certainly! Here is the beast, the rapacious, voracious, market-distorting beast: frwebgate.access.gpo.gov Look for it at a bipartisan Congressional investigation near you in 2016. On August 5, 1997, President Clinton signed the Taxpayer Relief Act of 1997, the most significant overhaul of federal tax laws since the 1986 Tax Reform Act. Effective for home sales after May 6, 1997, up to $250,000 of gains can be excluded from gross income, provided you owned and lived in the home for at least two of the previous five years. Married couples filing jointly can exclude up to $500,000 of gain if both spouses meet the two-year residency requirements, at least one spouse meets the two-year ownership requirement, and neither spouse has excluded gains on a home under the new rules within the preceding two years.