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rollover home sale |
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rollover home sale An older income tax concept referring to the ability of homeowners to defer payment of taxes on the sale of their principal residence if the money were rolled over into a new residence.Today,taxpayers may exclude from income up to $250,000 of gain ($500,000 for married persons) on the sale of a principal residence,with no necessity that they buy another one. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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