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Housing - Queue
September 2nd, 2005
12:25 pm


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(3 comments | Leave a comment)

[User Picture]
Date:September 2nd, 2005 08:55 pm (UTC)
You do know that if you've lived in a place for 2 out of the last 5 years, you get like $250k of tax-free capital gains, right? (If it's less than that, you get less, if you've been renting part of it, you get less, but there's still a *huge* capital gains benefit for living in a place you own.)
[User Picture]
Date:September 2nd, 2005 11:34 pm (UTC)
Um, no, I didn't know that. I'm really dumb about money stuff.

Wow. That' pretty freakin' sweet. So, in this theoretical universe where I sell my house and don't buy another one, I could actually have something like $25K to play with after I get out of debt.

I think my 2005 taxes are going to be the most complicated I've had yet. Thank goodness for TurboTax Online.
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