Quote:
Originally Posted by Sue Doe-Nym
For many, the problem would be helped if Congress raised the capital gains exemption on primary residences from $500k to $1000000. That hasn’t been raised since its implementation in the mid to late ‘90s. It would certainly remove that obstacle for lots of fence sitters….but in my case, I would prefer letting our current family members live it up here for many years!
There have been many thoughtful comments here on the subject.
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I was under the impression that was used when we are alive.
That when we died everything fell under the estate inheritance taxes.