View Single Post
Old 05-21-2010, 07:50 AM   #8
Blueface
Gramps 4x's
 
Blueface's Avatar
4
 
Join Date: Oct 2008
First Name: Horatio Seymore Hiny
Location: Boca Raton - North of La Habana
Posts: 8,774
Trading: (8)
Bolivar
Blueface has disabled reputation
Default Re: Capital gains on the sale of a new home?

Quote:
Originally Posted by ade06 View Post
Would the sale of your primary residence be considered "investment income" subject to this new tax?
From what I understand, yes.

Also, while this $200,000/250,000 range seems to not affect many of us, being the cynical person I can be at times, I can't help but wonder how long it will be before that is significantly reduced to where it does in fact affect most of us.
__________________
Little known fact: I am a former member of the Village People - The Indian
Blueface is offline   Reply With Quote