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Financial Planning / Tax Strategies


Subject:  Re: Taxes on Sale of a home Date:  4/13/2001  11:49 AM
Author:  pmarti Number:  50191 of 127614

Even though I will get a capital gains exaption on the proceeds from the sale of the house, will it those proceeds affect the income tax I am forced to pay, either in increased income or higher tax rate?

No. The excluded gain never even makes it into gross income on your return.

Phil Marti
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