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People selling their house can take advantage of the tax break. OP was curious about why they'd sell and that could be a reason. Now give me back my downvote pl
by latchkey 3y ago
People selling their house can take advantage of the tax break. OP was curious about why they'd sell and that could be a reason. Now give me back my downvote please. ;-)
- Thorrez 3y agoWhat tax break? I think you just quoted the capital gains tax rates[1]. That's a tax, not a tax break. Those rates apply to all capital gains, not just houses. They're basically the same every year. The numbers increase each year for inflation. There actually is a tax break, the paragraph after what you quoted. But I don't think that's new or ending soon. So that's also not something that would trigger people to sell now rather than in a year from now. [1] https://www.bankrate.com/investing/long-term-capital-gains-tax/#rates https://www.bankrate.com/investing/long-term-capital-gains-t...