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Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76236  
Subject: Re: Investing Lump Sum Date: 4/15/1998 8:38 AM
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Cameron and LasVegasFool

I said:

<< On the sale of the house there will tax issues involved. Her basis is probably quite small, meaning at least 20% of the gain will go to the tax man. >>

You both correctly pointed out I was asleep at the switch. I've been sitting here puzzling over why I said something so incorrect, particularly since I am thoroughly conversant with the old and the new rules regarding the sale of a principal residence. In this case, there is no tax impact. Doesn't change the rationale of my response any, but it sure colors me red. Quite honestly, I don' know what urchin made me say that. Blame it on my faulty monitor.

Regards…..Pixy
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