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Old 05-16-2007, 02:22 PM
CobraGoat CobraGoat is offline
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Join Date: May 2005
Location: The Jack Burton of uNL
Posts: 999
Default Re: Capital gains tax question for sale of house

So if i live there for two years rent it for four, im screwed unless i resume living there for another two years?

The 250/500K exemption i assume means sales above those amounts are taxed on everything above?
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