Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Sean626, have you lived in your co-op as your primary residence for the past two years? (More precisely, for 24 out of the last 60 months.) If so, almost certainly you have no exposure to capital gains taxes unless you are a rich guy. You can exclude $500,000 of gain if you are Married Filing Jointly, and $250,000 if Single. See Page D-3 of your Form 1040 instructions for 1998.
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.