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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: John Vosilla who wrote (35230)7/12/2005 11:48:38 PM
From: bentwayRead Replies (1) | Respond to of 306849
 
Jim's really down on the 250k single, 500k married tax exemption for primary residences lived in for two or more years. I don't think the flippers are using it much.

I can see the flippers using 1031 Starker exchanges to postpone tax liability too. But it would only postpone the taxes, not eliminate them.

en.wikipedia.org

I've got a buddy who's been doing this for 6-7 years, and he's really tired of it. I think he's about ready to pay up!