GoFuckYourself.com - Adult Webmaster Forum - how does capital gains tax work?

GoFuckYourself.com - Adult Webmaster Forum (https://gfy.com/index.php)

- Fucking Around & Business Discussion (https://gfy.com/forumdisplay.php?f=26)

- - how does capital gains tax work? (https://gfy.com/showthread.php?t=386490)

Mr Pheer

11-10-2004 02:30 PM

how does capital gains tax work?

I got a few people warning me not to sell my house untill its been two years (which will be feb 05)

anybody know how capital gains tax works?

reynold

11-10-2004 02:35 PM

I advice you to hold on to your house and wait for awhile.

reynold

11-10-2004 02:38 PM

I advice you to hold on to your house for awhile.

Fred Quimby

11-10-2004 03:09 PM

Quote:

Originally posted by MrPheer
I got a few people warning me not to sell my house untill its been two years (which will be feb 05)

anybody know how capital gains tax works?

As long as you roll it over into another primary residence your ok.

I think there might still be that 1 time deduction of $250,000 also.

Good thing my best friend is a Tax Attorney:thumbsup

detoxed

11-10-2004 03:10 PM

What a bunch of useless responses so far.

http://www.fool.com/taxes/2000/taxes000428.htm

Mr Pheer

11-10-2004 03:12 PM

detoxed to the rescue.....

All times are GMT -7. The time now is 06:04 PM.