The Motley Fool Discussion Boards

Previous Page

Retirement Discussions / Retired Fools


Subject:  Re: advice about renting vs owning Date:  8/4/2012  1:10 AM
Author:  Donna405 Number:  17775 of 20596

There is a $500K exclusion on net capital gains for husband and wife relative to the home they own and live in. They must live in the home for 2 out of the last 5 years at time of sale. So, if the coop is worth $350K, I am sure their capital gains will not exceed $500K, unless, of course, the market has REALLY improved.

Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us