On Jan 2, 2009, at 2:25 PM, Patricia Cross wrote: > On Jan 2, 2009, at 1:42 PM, Dan wrote: > >> Well, both of you are right, but if the gain that can be written off >> is only $500,000, how do you know if you exceeded that if you never >> kept track of it? > > One big clue would be if you sell the house for less than $500,000 > more than you paid for it, which is what the vast majority of people > in the US do.
Trish, That's actually a lifetime figure and not per each sale. If you sell enough homes with great profit, you might be able to reach it. Peace, Kevin Hoctor [email protected] No Thirst Software LLC http://nothirst.com http://kevinhoctor.blogspot.com --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "No Thirst Software User Forum" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/no-thirst-software?hl=en -~----------~----~----~----~------~----~------~--~---
