Skip to main content
No. of Recommendations: 0
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.

AJ
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
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.
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.