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Originally Posted by strandinthewind
^^^^
I believe, but please check rather than rely on me  - the US has no personal gain on the appreciation gained from the sale of a personal residence for up to $250,000 per owner occupant and after two years as such and there is no requirement to reinvest this money and you can do it once every two years. This is one of the reasons the housing market is on fire. |
Someone's been reading the tax code again.