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

<- View Parent
jj4211@lemmy.world ⁨1⁩ ⁨day⁩ ago

Even if you use the proceeds to immediately buy another house, you still have to pay the tax, unless you are a landlord then you get a tax break, because we must protect those landlords but not private homeowners…

So you may be at a 15% or so disadvantage looking for a new place to live if you wanted to sell your property and move.

source
Sort:hotnewtop