Quote:
Originally Posted by John Mercier
I was under the impression that was used when we are alive.
That when we died everything fell under the estate inheritance taxes.
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That’s true, John. My point was that some people might favor selling their principal residence while they are still alive, but are unwilling to face the capital gains tax, which could be pretty high, given the huge increase in property values over the years. Maybe I didn’t make that clear enough.