3 ms·
Except you have to pay capital gains tax when you move after 250k or 500k for married. So it's not a wash. Especially if you're talking about more expensive mar
by readams 5y ago
Except you have to pay capital gains tax when you move after 250k or 500k for married. So it's not a wash. Especially if you're talking about more expensive markets.
- selectodude 5y agoOnly if you don't buy a new house within the year.
- encoderer 5y agoYes that’s true but the $500k goes pretty far. You add all previous home improvements to your cost basis and then deduct real estate agent fees. You can have a million of paper appreciation and not pay very much cap gains tax on it.