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Re: OT- Retirement....
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Posted by Dug on March 10, 2005 at 16:30:15 from (63.167.143.121):
In Reply to: Re: OT- Retirement.... posted by Midwest redneck on March 10, 2005 at 14:50:25:
Midwest, You are correct about taking capital gains tax free. The rule is you must have lived in the home at least two of the past five years, and you can take upto $250K tax free as an individual and $500K tax free as a couple. You can thank the Rebublican Congress from about 9 years ago for this little "gift". Dug
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