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Author: ptheland Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Re: Home Sale Date: 4/26/2012 7:46 PM
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So, from a tax perspective, what am I looking at?

For a quick cut at things, the first $500k of gain is not taxable. If there's more than that, the rest is a long term capital gain.

If you're close to the $500k gain number, we can talk about what costs get included in calculating the gain. If you're well under that number, there's not much point to talking about it.

Your state might matter, if you care to mention it.

--Peter
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