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Housing Crash In Progress

by doug - 2023-09-25 20:57:05 ( in education, research) [php version] rebuild

Very simple . I'm dealing with it now. Create an LLC and you are now permanently tax free from capital gains. I can share the details.

we have a second house, the one that bought very long ago and we rented it out while in our new house but we've talked of selling it and using the money to buy a house or property outside of California. Unfortunately, because Kalif democrats are so inept in managing tax money, they have a law whereby to avoid the MASSIVE capital gains on the sale, you have to live in it for 2 out of the last 5 years.

So, is officially living in it and has been for over a year, but it's not two years yet and the gains we'd pay to gavin are probably more than if the market crashes back to like 2008.

On Sunday, September 24, 2023 at 06:14:02 PM

Lots of interesting things here. Not fear mongering.

similar posts here ... and elsewhere

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