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Subject:  Re: Gains/Losses Date:  7/6/2020  8:36 PM
Author:  aj485 Number:  98884 of 99800

I sent an email to a CPA that I've worked with in the past and did get a rough estimate of the potential taxes involved. I'd not going to go into details here but it does approach 6 figures. It would drop a little if I got married or met the 2 of 5 years to reduce a bit of the taxes but obviously a painful amount.

Ugh, takes a bit out of what you thought you would net, doesn't it? Glad you did check with the CPA. Not a good message to hear, but it's better to know going into the process than to find out when you are doing your taxes for the year you sold. Now you can do some planning in order to minimize the liability.

Thanks for all of your help on this board to me and others.

You're welcome. Glad I could help.

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