Feature

Keep Your Receipts!

Posted by aaron on March 31, 2005 10:11 AM

From Kiplinger.com, an article on the potential housing bubble and options for locking in gains. Unfortunately I'm sure many are like us and couldn't imagine "flipping" an old house just for financial reasons after all the blood, sweat and tears that go in to it. There are real challenges for those who find an increasing percentage of their total assets bound up in their home.

That said, there are still good nuggets in here worth reading. For example: "Keep your receipts [and] you'll save yourself capital-gains taxes if your profits someday exceed the [$500,000 capital gains] threshold." $500,000...we should all be so lucky! :-)

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Posted by aaron on March 31, 2005 10:11 AM | Filed under Headlines: Money