Will capital gains taxes on residences be rescinded for a year?
June 15, 2005
Subject: Sale of Home
Date: Sat, 4 Jun 2005
I heard in the very near future, for one particular year only, home owners who sell their principal residences will not have to pay any capital gains tax. Which year will it be?
Date: Mon, 06 June 2005
I'm not aware of any such tax law being passed.
We have more answers to frequently asked real estate tax questions! We also offer up-to-date information about new tax real estate tax developments in Michael Gray, CPA's Real Estate Tax Letter.
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