Comment by amluto
10 hours ago
There used to be a “1034 exchange” in which you exchanged one personal residence for another. I don’t know why it was repealed.
10 hours ago
There used to be a “1034 exchange” in which you exchanged one personal residence for another. I don’t know why it was repealed.
The reusable $500k cap gains exclusion is a huge huge thing, bigger than some realize. (Though it is interesting that you can exclude gains from a house sale but not losses, but you if you own a rental you can claim losses but not exclude gains (though you can 1039).)