Email: Password: Remember Me | Create Account (Free)

Back to Subject List

Old thread has been locked -- no new posts accepted in this thread
???
08/21/06 20:29
Read: times


 		 #122736 - Tax on real estate
Responding to: ???'s previous message
Richard Erlacher said:
The result was that he'd made a huge profit on his real estate, paid a huge amount of taxes, and pocketed enough after-tax revenue to buy the TajMahal

In the USA do you pay tax on the profit from the sale of your home?

Ian


List of 37 messages in thread
TopicAuthorDate
I knew it was bad, but that bad            01/01/70 00:00      
   Around here $550,000 buys..            01/01/70 00:00      
      And for $550k in California            01/01/70 00:00      
         is that in Missourra?            01/01/70 00:00      
            There's a reason it's called Mysery ...            01/01/70 00:00      
      Up here            01/01/70 00:00      
   Around here for 100K you can get...            01/01/70 00:00      
   So what is...            01/01/70 00:00      
      the CEOs bought their houses years ago and            01/01/70 00:00      
         It's like the real estate salesman ...            01/01/70 00:00      
      So what is...            01/01/70 00:00      
         CEO's            01/01/70 00:00      
      what gets me            01/01/70 00:00      
         Jez, you could be talking about NC and CA            01/01/70 00:00      
            The way it works out best ...            01/01/70 00:00      
               deal!            01/01/70 00:00      
                  Barnum said it            01/01/70 00:00      
                     From what I've seen ...            01/01/70 00:00      
                        Huh?            01/01/70 00:00      
                           Oh it can happen ...            01/01/70 00:00      
                              On which planet would that be?            01/01/70 00:00      
                                 Got to quit posting late .. Thanks Richard.            01/01/70 00:00      
                           Only the real estate salesmen ...            01/01/70 00:00      
                        big houses, small minds            01/01/70 00:00      
                        does that include your famous basement?            01/01/70 00:00      
                           Yes. It\'s two layers ...            01/01/70 00:00      
                        Engineers who're pulling            01/01/70 00:00      
               Tax on real estate            01/01/70 00:00      
                  capital gains            01/01/70 00:00      
                     Capital Gains Tax            01/01/70 00:00      
                        That's one reason people's houses grow over time            01/01/70 00:00      
                  Mostly No            01/01/70 00:00      
                     I think that number is more like $250k            01/01/70 00:00      
                        I never have            01/01/70 00:00      
                           "take and run"            01/01/70 00:00      
                              and only after you turn 55            01/01/70 00:00      
   Low income housing            01/01/70 00:00      

Back to Subject List