Quote:
Originally Posted by nota
if you sell and rebuy a like property in a time limit
no tax
if you live in it 2 years
no tax
state as a state or feds ?
I think for the feds you get to start at the value when acquired
not what you dad paid long ago
unsure on state law on capital gains
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No tax for only 500k if married. 250k if single. Scott, do a 1031 exchange and buy a mansion with a barn to park all your toys.