Good news in the tax bill - home sales - The White Coat Investor Forum

jfoxcpacfp

Moderator

Join Date: Jan 2016

Posts: 15047
Share

Tweet
#1

Good news in the tax bill - home sales

12-16-2017, 07:52 PM

So, both houses wanted to change the rule to exempt $250k of LTCG per spouse on home sales to 5 of 8 years. But...it didn’t make it into the final bill. Those of you who are planning to sell under the 2 of 5 year rule still get the exemption. Great for some of our clients and I hope for you, too!

My passion is protecting clients and others from predatory and ignorant advisors 270-247-6087 for CPA clients (we are Flat Fee for both CPA & Fee-Only Financial Planning)
Johanna Fox, CPA, CFP is affiliated with Wrenne Financial for financial planning clients
Tags: None
ENT Doc

Physician

Join Date: Jan 2017

Posts: 5735
Share

Tweet
#2

12-16-2017, 08:36 PM

Isn't it 2/5?
Comment
jfoxcpacfp

Moderator

Join Date: Jan 2016

Posts: 15047
Share

Tweet
#3

12-16-2017, 09:17 PM

ENT Doc wrote:

Isn’t it 2/5?

Click to expand...

Sorry, typo - corrected. TVM for the catch.

My passion is protecting clients and others from predatory and ignorant advisors 270-247-6087 for CPA clients (we are Flat Fee for both CPA & Fee-Only Financial Planning)
Johanna Fox, CPA, CFP is affiliated with Wrenne Financial for financial planning clients
Comment

Announcement