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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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Today's Featured Article - Show Coverage: Argyle and Mt. Pleasant Labor Day Weekend Shows - by Cindy Ladage. The last fling before summer fades into fall and we get busy in the fields are the annual Labor Day tractor shows. Beginning on September 5th and running through the 7th, the Argyle Antique Gas and Engine Show is held at the Argyle State Park. Located in West Central Illinois, the pine forest was the setting for the opening of the 22nd show. This year we decided to try to sell a few tractor parts, literature and wrenches to offset my husband's buying sprees. Saturday ... [Read Article]

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