Capital gains tax question for sale of house - Two Plus Two Newer Archives

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Capital gains tax question for sale of house

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05-16-2007, 02:22 PM

CobraGoat

Senior Member

Join Date: May 2005

Location: The Jack Burton of uNL

Posts: 999

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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