Comment on This boomer couple would be hit with $700,000 tax bill if they sold their mansion
Delphia@lemmy.world 18 hours agoAlso capital gains on a primary residence should decrease somewhat over time.
These arent property speculators or people buying and parking empty homes. They are people who bought a house, lived in the community, probably raised a family and didnt move for 30 years and now want to downsize.
jj4211@lemmy.world 15 hours ago
Ironically a property speculator could dodge this tax by buying a replacement property thanks to like-kind exemptions offered to investors but not private homeowners…