CRD under the knife

BVCRD · **Posted:** Thu Apr 19, 2007 9:38 am

dog_party wrote:

Yea, I didn't own the house for 2 years. The rules used to be that I could sell, and then reinvest the capital, but not anymore. They don't have enough of my money to misappropriate. Now it's a flat rule. If you don't own a house for 2 years, you pay Capital Gains. Pbbt.

Thanks for the CPA offer Mike, but I'll pass. We have a family friend that did ours. She charged us $200+ for the task. Not impressed. This was the first year I've done a service...probably be the last too. It's TurboTax for me from this point on.

Read my long-winded F37 report. Keep holding off as far as I'm concerned. Maybe do the ball-joint recall next time you're in for Oil.

We sold a house once and after 2 years, we hadn't reinvested it. Needed it for a grub stake getting started out west. Had to pay through the nose. The first few payments we made had mega interest tacked onto it. I found other money to pay them off.

dog_party · **Posted:** Thu Apr 19, 2007 9:47 am

Yea, our "Other Money" to pay them off was our fence fund. So I still have to get up 10 minutes early so I can walk the dang dogs in my PJs. But I'm not actually bitter. I made a lot more on that housem, by selling it when I did, then I would have if I'd waited until I owned it for two full years. We just didn't set it aside because I thought my return would offset the CG. Oh well.

CRD under the knife

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