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Homes are entirely different as primary residences generally aren't taxed upon sale. Also, their value is regularly updated and taxed at the new value in most
by LanceH 3y ago
Homes are entirely different as primary residences generally aren't taxed upon sale. Also, their value is regularly updated and taxed at the new value in most jurisdictions.
Generally, though, if you're using the value of something, it should be realized (and thus taxable) at that point.