Probably bought it in 1946 for like $3k.
Comment on This boomer couple would be hit with $700,000 tax bill if they sold their mansion
echo@lemmings.world 2 weeks ago
Oh jesus fucking christ… sell the damn thing. They’ll still walk away with $2.8 million in their pockets that they can’t currently spend. They’re just being stupid greedy fucks who can’t bear the idea that it could become even more valuable if they wait longer.
Madison420@lemmy.world 2 weeks ago
potpotato@lemmy.world 2 weeks ago
Nearer $3M as the first $500k is deductible, but mind those closing costs.