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In response to
"Nope. profits under $250,000 are exempt. Profits over $250,000 must be used in 2 years -- nm"
by
decline
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Ah. Nice. Mrs.V was keeping all the receipts from the home improvements we've done over the last 5 years...
Posted by
Ser Vermyn (aka Dr.Vermin)
Apr 17 '12, 11:45
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Thinking that we can deduct those expenses from the tax dues on the profit we make when selling the house.
But it looks like that's unnecessary, if we can exclude the gain entirely... ?
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Responses:
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