7/19 Where is a good place to find out rules and tax implications
for selling a house?
\_ An accountant, the IRS/State of California tax law websites (google)
a tax lawyer, etc. Not the motd.
\_ I'm a single guy who sold the house for over 250K, does that
mean my first 250000 is exempt from tax?
\_ Depends if you lived there long enough to qualify.
\_ Do you remember the part about "Not the motd"?
\_ How much did you pay for that house? The gov't doesn't tax
you on non-profit.
\_ I say again, "not the motd". |