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Subject:  Re: Capital Gains Tax Liabilities-HELP!!!! Date:  4/9/2002  6:59 AM
Author:  irasmilo Number:  60120 of 129670

... 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the third time today that I've come across someone who knows about the over 55 one-time $125,000 exclusion, which was repealed in 1997, but doesn't know anything about the current law, which has been in effect for almost 7 years.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.

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