Comment on This boomer couple would be hit with $700,000 tax bill if they sold their mansion

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CallMeAnAI@lemmy.world ⁨18⁩ ⁨hours⁩ ago

That’s not how this works. Not how any of this works at all. God damnit people need to keep their traps locked shut.

If you keep a profit from the sale, you get a tax on the profit at the end of the year.

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