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Personal Finance and Investing

silverweb

(16,402 posts)

10. Indeed!

Reply to Hoppy (Reply #9)

Sat Jan 16, 2016, 01:02 PM

Jan 2016

[font color="navy" face="Verdana"]He originally said he liked Trump "because Trump has management experience and a mayor or senator doesn't" (ignoring Trump's overall hatefulness).

But I've got him thinking about Bernie.

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I have a question about capital gains. [View all] silverweb Jan 2016 OP

The homeowner capital gain exception is limited to $250k ($500k MFJ) kelly1mm Jan 2016 #1

Thank you. silverweb Jan 2016 #2

MFJ = Married Filing Jointly. 'Buying off' = giving money to some person/group to make them kelly1mm Jan 2016 #3

Excellent. One more question, if I may... silverweb Jan 2016 #4

No, I mean the gain in value realized at sale. Without getting super technical, in the personal kelly1mm Jan 2016 #5

Thank you again! silverweb Jan 2016 #6

Glad to help! Have a good night! kelly1mm Jan 2016 #7

You, too! silverweb Jan 2016 #8

Because that part of the tax law was written to benefit people who were going to Hoppy Jan 2016 #9

Indeed! silverweb Jan 2016 #10

Not just for downsizers. Also so people making a lateral move don't end up with a big tax bill progree Jan 2016 #11

Could he do PasadenaTrudy Feb 2016 #12

He's retiring and doesn't want to. silverweb Feb 2016 #13

I see PasadenaTrudy Feb 2016 #14