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Your home gains are being taxed already via ever-rising assessments on property taxes. So you are not hiding that and pretending that it is unrealized. You addi
by bdangubic 2y ago
Your home gains are being taxed already via ever-rising assessments on property taxes. So you are not hiding that and pretending that it is unrealized. You additionally do not pay real estate gains taxes on first 250k as well as...
- gruez 2y ago>Your home gains are being taxed already via ever-rising assessments on property taxes. it's a separate tax that's on the value, not the gains. Moreover, if we're allowed to bring in other taxes as offsetting factors, do capital gains on companies get a pass because corporations pay corporate taxes as well?
- zeroonetwothree 2y agoFrom the point of view of the IRS you aren’t paying any taxes on your home’s appreciation until you sell.