Comments on: You've brought a pistol to a nuclear war http://www.foreclosuretruth.com/blog/sean/youve-brought-pistol-nuclear-war/ Tue, 27 Jul 2010 17:07:33 -0700 http://wordpress.org/?v=2.8.5 hourly 1 By: pudzianowski najman zaklady http://www.foreclosuretruth.com/blog/sean/youve-brought-pistol-nuclear-war/#comment-2916 pudzianowski najman zaklady Mon, 30 Nov 2009 19:49:56 +0000 http://new.www.foreclosuretruth.com/?p=276#comment-2916 Your blog is full of interesting articles, thanks for good read Your blog is full of interesting articles, thanks for good read

]]> By: Sean http://www.foreclosuretruth.com/blog/sean/youve-brought-pistol-nuclear-war/#comment-2667 Sean Sat, 09 Aug 2008 02:07:40 +0000 http://new.www.foreclosuretruth.com/?p=276#comment-2667 <p>Wow, Alan, congratulations! Fairly unheard of for anyone that purchased in June of 2007 to have to worry about capital gains - at least near me. I'd love to know where you live that you've had sufficient gains in the last year to have this problem. Or perhaps did you get a great deal and buy below market?</p> <p>In any case, check out the post I hat tipped above, it mentions the pages of the new law where the changes are detailed, http://agentgenius.com/?p=3193 - you may also find Brad willing to answer as he's clearly taken the time to look at it in more detail then I have.</p> Wow, Alan, congratulations! Fairly unheard of for anyone that purchased in June of 2007 to have to worry about capital gains – at least near me. I’d love to know where you live that you’ve had sufficient gains in the last year to have this problem. Or perhaps did you get a great deal and buy below market?

In any case, check out the post I hat tipped above, it mentions the pages of the new law where the changes are detailed, http://agentgenius.com/?p=3193 – you may also find Brad willing to answer as he’s clearly taken the time to look at it in more detail then I have.

]]> By: Alan http://www.foreclosuretruth.com/blog/sean/youve-brought-pistol-nuclear-war/#comment-2666 Alan Fri, 08 Aug 2008 21:56:38 +0000 http://new.www.foreclosuretruth.com/?p=276#comment-2666 <p>I purchased my home June 27, 2007. I plan to sell it next summer. I have lived in the home the entire time I have owned it (atcually longer since I rented this home before I purchased it - I have lived in it since October 2006) and I will continue to live in it until I sell it.</p> <p> </p> <p>Until now, I thought I'd have to wait until June 28, 2009 (two years after purchasing it) to sell my home to avoid the capital gains tax. Under the new Capital Gains Exclusion rule it appears I can sell my home sooner without a capital gains tax since I have lived in it the entire time I have owned it. It appears I do not have to wait for two years. Or is there a two-year minimum? I have called the IRS and they do not know a thing about the the new Capital Gains Exclusion rule.</p> <p> </p> <p>Any idea how I can confirm this - if I can do it without a capital gains tax, I'd like to sell my house sooner than June 28, 2009.</p> I purchased my home June 27, 2007. I plan to sell it next summer. I have lived in the home the entire time I have owned it (atcually longer since I rented this home before I purchased it – I have lived in it since October 2006) and I will continue to live in it until I sell it.

Until now, I thought I’d have to wait until June 28, 2009 (two years after purchasing it) to sell my home to avoid the capital gains tax. Under the new Capital Gains Exclusion rule it appears I can sell my home sooner without a capital gains tax since I have lived in it the entire time I have owned it. It appears I do not have to wait for two years. Or is there a two-year minimum? I have called the IRS and they do not know a thing about the the new Capital Gains Exclusion rule.

Any idea how I can confirm this – if I can do it without a capital gains tax, I’d like to sell my house sooner than June 28, 2009.

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