Comment on This boomer couple would be hit with $700,000 tax bill if they sold their mansion
13igTyme@lemmy.world 3 weeks agoKeep in mind, it’s profit. If you bought the house for $500k and selling for $800k, that’s only $300k in profit. Plus you can include the cost on renovations and there are lower percentages when you own and live in the house for over 2 years.