The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/-this-is-the-third-time-today-that-ive-come-17031077.aspx

Subject:  Re: Capital Gains Tax Liabilities-HELP!!!! Date:  4/9/2002  6:59 AM
Author:  irasmilo Number:  60120 of 121182

... 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the third time today that I've come across someone who knows about the over 55 one-time $125,000 exclusion, which was repealed in 1997, but doesn't know anything about the current law, which has been in effect for almost 7 years.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
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us