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OT - Bank of America
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Han
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OT - Bank of America
Kurt Ullman wrote in news:kurtullman-
:
There is no tax on the increase as long as you take the money and
reinvest in another home within a certain period of time.
That is so old and forgotten that I can't remember when that was phased
out. Now it is 500K more than basis (price paid plus improvements) is tax
free. Real conditions apply, and you better consult qualified tax help.
--
Best regards
Han
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