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Housing Act Reduces 121 Exclusion


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#1 wexeter

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Posted 16 August 2008 - 05:11 PM

The Housing Act of 2008 has made some changes to Section 121 of the IRC. The changes to Section 121 reduce the amount of capital gain that taxpayers can exclude from their taxable income based on the amount of time that their personal home was used as investment property.
William L. Exeter
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#2 MichaelC

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Posted 17 August 2008 - 02:19 PM

William, thank you for sharing that info. Much appreciated.

#3 MyInvestor

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Posted 07 October 2008 - 01:58 PM

Thanks for informing us about new Housing Act! It may be useful for all. Strategies mentioned are great.




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