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Author: irasmilo Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121095  
Subject: Re: Capital Gains Tax Liabilities-HELP!!!! Date: 4/9/2002 6:59 AM
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... This is the third time today that I've come across someone who knows about the over 55 one-time $125,000 exclusion, which was repealed in 1997, but doesn't know anything about the current law, which has been in effect for almost 7 years. ...

You know it's getting late in tax season when Phil starts making simple arithmatic errors. <vbg> May 1997 - April 2002 is almost 5 years on my calendars, not 7.

Ira
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