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US Tax laws basically force you to invest that $300k into a new home, or pay high gains. Edit to add: The above statement is false.
by balls187 9y ago
US Tax laws basically force you to invest that $300k into a new home, or pay high gains.
Edit to add: The above statement is false.
- arielweisberg 9y agoI thought a bunch of the gains on the sale of a home was tax free if it's your primary residence and you meet other requirements?
- withdavidli 9y agothis isn't true. 250k-500k can be tax free by meeting few requirements (living in the house >2 years). http://www.bankrate.com/finance/taxes/capital-gains-and-your-home-sale-1.aspx http://www.bankrate.com/finance/taxes/capital-gains-and-your...
- deleted 9y ago[deleted]
- danjoc 9y agoAs if home owners don't have a sweet enough deal already? https://www.nytimes.com/2017/05/09/magazine/how-homeownership-became-the-engine-of-american-inequality.html https://www.nytimes.com/2017/05/09/magazine/how-homeownershi...