Housing - Queue
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.)
|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.